On May 7, 2019, the city of Baltimore was hit by a ransomware attack - code named “RobinHood.” Hackers used remote encryption to lock down the city’s file servers and demanded payment of 13 bitcoin in exchange for keys to release them. The city immediately notified the FBI and took systems offline to keep the attack from spreading, but not before it impacted over 10,000 computers and multiple city departments. The cost? An estimated $4.6M in data recovery costs alone. All told, the cost to restore data, the cost of new systems that would prevent an immediate new attack, and the lost revenue totaled over $18M.
Scenarios like this are causing many companies to reexamine their plans for disaster recovery in order to ensure business continuity, not just in the face of equipment, software, or network failures, but also in the event of a ransomware attack.
I sat down with David Shaw, Chief Science Officer at Nasuni, to discuss the Baltimore incident, tips on how to avoid a ransomware attack, and how to dramatically decrease business downtime and cost following an attack. Watch the interview on-demand today!
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