Ransomeware Attack And Impact On Local Business (BBJ Story) | WYPR

Ransomeware Attack And Impact On Local Business (BBJ Story)

May 14, 2019

Credit The Baltimore Business Journal

The lasting effects of the ransomware attack that hit Baltimore City last week could delay three vendors from opening their shops inside Cross Street Market and hold up real estate settlements on city properties. 

Many city computer systems and email servers remain affected following a cyber attack on May 7 in which hackers held the government systems for "ransom." The FBI is currently investigating the attack. City officials have said some systems could be down for weeks. Meanwhile, the Cross Street vendors aren't the only ones feeling the pressure. Settlement deals on residential and commercial properties in the city are also being delayed. Some homebuyers are having trouble securing title insurance on properties, because the title companies cannot verify things like taxes owed or water bills, or get a valid lien certificate for a Baltimore property while the city's computer systems are down.