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Cyber attacks holding Baltimore hostage, threatening $10,000 a day

Two weeks after cyber hackers got into Baltimore’s servers and demanded 13 bitcoins, over $100,000, in exchange for releasing their hold, the hackers remain there, and they have updated their demand to $10,000 a day.

Among the servers affected include government emails, city pay services and real estate transactions. Baltimore Mayor Jack Young said the city is not going to pay, according to NPR. The Secret Service and the FBI are investigating, along with experts who are attempting to restore service.

Falanx Group Ltd (LON:FLX), through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.