Baltimore Buys $20 Million in Cybersecurity Insurance

The City of Baltimore, Maryland will fork over $20 million to insure itself against network disruptions caused by future cyber attacks.

The city is purchasing two plans, according to the Baltimore Sun: $10 million in liability coverage and another $10 million for excess coverage. Both plans come with a $1 million deductible and premiums at $500,103 and $335,000 respectively.

The purchase comes almost six months after the discovery of a ransomware attack in which hackers seized government data and demanded $100,000 in bitcoin.

Read more at the Baltimore Sun.


Top Stories

Thursday, April 9, 2020 - 07:44

Jeremy Craig, who was hired as Vacaville’s city manager in 2017, has been ousted by the City Council. In a unanimous vote March 24, city leaders terminated his contract, effective immediately.


Tuesday, March 31, 2020 - 09:40

Former L.A. City Councilman Mitch Englander has agreed to plead guilty to one count of conspiring to falsify material facts in a federal corruption investigation.