Baltimore city authorities are reeling from an unprecedented ransomware attack as hackers attempt to extort cryptocurrency. | Source: Shutterstock
According to Ars Technica, this will include $10 million to fund the full recovery of the IT infrastructure. Additionally, officials have estimated that the city lost revenues amounting to approximately $8 million while the systems were down.
So far the city has already spent over $1 million on new computer hardware. Baltimore has also hired temporary workers who are assisting in the malware cleanup process.
$80,000 crypto ransom – to pay or not to pay?
The lost revenues and the cost of recovery contrasts sharply with what the attackers were demanding – crypto worth $80,000. So why didn’t the city just pay off the hackers and save taxpayer dollars? Per the deputy chief of staff for operations for Baltimore’s mayor, Sheryl Goldstein, the FBI discouraged the city from meeting the demand of the attackers.
City authorities were of the view that paying off the hackers would not have solved the problem entirely, per Goldstein:
The federal investigators have advised us not to pay the ransom. The data shows you have less than a 50-50 chance of getting your data back if you pay the ransom, and, even if you pay the ransom, you still have to go within your system and make sure they’re out of it. You couldn’t just bring it back up and believe they were gone, and so we would be bearing much of these costs regardless.
Baltimore ‘won’t reward criminal behavior’
In a tweet,