Tag Archives: Ransomware

The more prevalent bitcoin ransomware attacks become, the merrier it gets for insurance firms that offer cyber-liability insurance coverage. The City of Baltimore has become the latest example of this emerging trend. According to The Wall Street Journal, city officials on Wednesday authorized the purchase of cyber-liability insurance coverage worth $20 million. The Maryland city will be covered under two plans by two insurance firms – Chubb Insurance and AXA XL Insurance. Chubb Insurance...

As we have seen in the crypto world, nobody is safe from crypto-based ransomware, and in the case of one Spanish city – Jerez de la Frontera – that lesson is being learned all over again.Jerez Under FireA hacker has apparently taken an entire city hostage. The computer network of Jerez de la Frontera has been locked up by a malicious actor who is demanding bitcoins in exchange for loosening his or her hold on the system. The attack first began on Tuesday night with what were deemed small...