Security Magazine logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Security Magazine logo
  • NEWS
    • Security Newswire
    • Technologies & Solutions
  • MANAGEMENT
    • Leadership Management
    • Enterprise Services
    • Security Education & Training
    • Logical Security
    • Security & Business Resilience
    • Profiles in Excellence
  • PHYSICAL
    • Access Management
    • Fire & Life Safety
    • Identity Management
    • Physical Security
    • Video Surveillance
    • Case Studies (Physical)
  • CYBER
    • Cybersecurity News
    • More
  • BLOG
  • COLUMNS
    • Career Intelligence
    • Cyber Tactics
    • Cybersecurity Education & Training
    • Leadership & Management
    • Security Talk
  • EXCLUSIVES
    • Annual Guarding Report
    • Most Influential People in Security
    • The Security Benchmark Report
    • Top Guard and Security Officer Companies
    • Top Cybersecurity Leaders
    • Women in Security
  • SECTORS
    • Arenas / Stadiums / Leagues / Entertainment
    • Banking/Finance/Insurance
    • Construction, Real Estate, Property Management
    • Education: K-12
    • Education: University
    • Government: Federal, State and Local
    • Hospitality & Casinos
    • Hospitals & Medical Centers
    • Infrastructure:Electric,Gas & Water
    • Ports: Sea, Land, & Air
    • Retail/Restaurants/Convenience
    • Transportation/Logistics/Supply Chain/Distribution/ Warehousing
  • EVENTS
    • Industry Events
    • Webinars
    • Solutions by Sector
    • Security 500 Conference
  • MEDIA
    • Interactive Spotlight
    • Photo Galleries
    • Podcasts
    • Polls
    • Videos
      • Cybersecurity & Geopolitical Discussion
      • Ask Me Anything (AMA) Series
  • MORE
    • Call for Entries
    • Classifieds & Job Listings
    • Newsletter
    • Sponsor Insights
    • Store
    • White Papers
  • EMAG
    • eMagazine
    • This Month's Content
    • Advertise
  • SIGN UP!
CybersecuritySecurity NewswireCybersecurity News

Baltimore to Spend $20M for Cyber Insurance to Guard Against Future Cyber Attacks

Doorway to Cybersecurity
October 18, 2019

The Baltimore Board of Estimates has approved a $20 million insurance plan to help protect the city against a repeat cyber attack.

The plan will provide benefits including an incident response team, digital data recovery and network security that could prevent a future attack, says a news report.

The term of the coverage is one year, however, Lester Davis, a spokesman for Mayor Bernard C. “Jack” Young, said the expectation is the city will maintain cyber insurance in future years, as well.

In May, hackers froze thousands of city computers and demanded $76,000 in bitcoin as ransom. The city opted not to pay the ransom. The attack crippled many systems, disrupting employees’ email service, halting water billing and suspending real estate transactions. In total, the attack cost the city $18 million.

 

KEYWORDS: cyber insurance cyber security cybersecurity hacking

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
To unlock your recommendations.

Already have an account? Sign In

  • Cyber tech background

    Security’s Top Cybersecurity Leaders 2026

    Security magazine’s Top Cybersecurity Leaders 2026 award...
    Cybersecurity
  • Iintegration and use of emerging tools

    Future Proof Your Security Career with AI Skills

    AI’s evolution demands security leaders master...
    Security Education & Training
    By: Jerry J. Brennan and Joanne R. Pollock
  • The 2025 Security Benchmark Report

    The 2025 Security Benchmark Report

    The 2025 Security Benchmark Report surveys enterprise...
    The Security Benchmark Report
    By: Rachelle Blair-Frasier
Manage My Account
  • Security Newsletter
  • eMagazine Subscriptions
  • Manage My Preferences
  • Online Registration
  • Mobile App
  • Subscription Customer Service

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the Security audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of Security or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • critical event management
    Sponsored byEverbridge

    Why a Unified View Across IT, Continuity, and Security Makes or Breaks Crisis Response

Popular Stories

Pixelated brain

Critical Thinking Erosion: A Hidden Threat to Security Career Resilience

Red block among white blocks

Plenty of Associations, But Not Enough Association

Person on iPhone

The Olympics Are Going Mobile — Your Security Strategy Has to Follow

Phone showing hearts and flirty emojis

Valentine’s Day 2026: Inside the Industrial-Scale Romance Scam Economy

Red and blue pawns with thought bubbles

Implementing Meaningful De-Escalation Training in Your Security Program

SEC 2026 Benchmark Banner

Events

April 8, 2026

The Future of Executive Protection: Layering Technology, Intelligence, and Response

Digital threats to executives and other high-profile employees are evolving faster than most corporate protection programs. Learn why modern executive protection programs require data-driven, intelligence-led strategies to keep pace with the magnitude of today’s threats.

April 15, 2026

How AI is Closing the Decision Gap in Leading GSOCs

Learn how modern security teams are evolving from alert-driven workflows to outcome-driven operations and how AI is enabling faster, more confident decisions at every stage of the incident response lifecycle.

View All Submit An Event

Products

Security Culture: A How-to Guide for Improving Security Culture and Dealing with People Risk in Your Organisation

Security Culture: A How-to Guide for Improving Security Culture and Dealing with People Risk in Your Organisation

See More Products
SEC 2026 Top Cybersecurity Leaders

Related Articles

  • Cyber Liability Insurance: Moving from Insurance to Assurance; cyber security news

    How to protect businesses against the threat of ransomware attacks and the role of cyber insurance

    See More
  • How Cyber Insurance Can Guard Enterprises Against Class Action Lawsuits

    See More
  • Military Software to Help Food Producers Guard Against Attacks

    See More

Related Products

See More Products
  • security culture.webp

    Security Culture: A How-to Guide for Improving Security Culture and Dealing with People Risk in Your Organisation

  • 9780367339456.jpg.jpg.jpg

    Cyber Strategy: Risk-Driven Security and Resiliency

  • 1119490936.jpg

    Solving Cyber Risk: Protecting Your Company and Society

See More Products

Events

View AllSubmit An Event
  • October 8, 2025

    How to Support the Security Guard Force in Challenging Environments

    ON DEMAND: In this webinar, learn how organizations are fostering trust among their security guard force to improve security posture and the safety of sites, processes and the officers themselves.
View AllSubmit An Event
×

Sign-up to receive top management & result-driven techniques in the industry.

Join over 20,000+ industry leaders who receive our premium content.

SIGN UP TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • Newsletter
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2026. All Rights Reserved BNP Media, Inc. and BNP Media II, LLC.

Design, CMS, Hosting & Web Development :: ePublishing