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Friday, May 17, 2019

More Chaos: Baltimore City Cryptocurrency Ransomware Attack Paralyzes Real Estate Industry

Last week, we reported the Baltimore City government was paralyzed by cryptocurrency ransomware, which infected computers associated with severs tied to the city's communication network.

A new report from The Baltimore Sun shows the hack has disrupted city servers for the eighth straight day. This time, essential systems required for transacting real estate deals have gone offline, throwing the entire industry across the city into chaos, which means no homes can currently be bought or sold.

As of Wedsenday, all real estate transactions have ground to a halt because title insurance companies cannot access city servers to verify properties are free of liens to create a new deed. Those processes have been disrupted by the ransomware attack, according to title insurance companies and real estate agents.


8 comments:

Anonymous said...

I am hoping against hope that Larry Hogan stays out of this mess and does not offer any kind of bailout from the State. The easiest solution is for Baltimore to pay the ransom with those 50,000 unused copies of Healthy Holly. I understand they are just taking up space in the Mayor's house anyway.

JW said...

1st sentence, I think they meant "servers", not severs. Secondly, is anyone trying to buy a home in Baltimore? That's all.

Anonymous said...

Baltimore is wide open for assault of this kind. And they know it.

Anonymous said...

People think they need the government and this should show them how very little they need them. Baltimore is a total failure. Crumbling utilities huge debt crime corruption. Am I missing anything?

Anonymous said...

Hogan stay the hell out of this or are you going to really show your a Democrat through and through?. Give no State tax dollars to Baltimore. Baltimore needs to be held accountable for their screwups they have been conducting for decades under Democrat control. Freeze all accounts so nobody gets paid and they cannot buy nothing. This includes welfare checks / public assistance etc. State tax payers has funded Baltimore for decades and it needs to halt ASAP.

Anonymous said...

So here's how this is going to work. Because the "people in charge" were gullible, indifferent or asleep at the wheel those same people will project their inadequacies onto the real estate industry at large and pass all sorts of expensive requirements from mandatory classes on cybersecurity to required vendor approved software packages to state audits and then wait from the applause claiming to have saved the Maryland consumer. Vomit

Anonymous said...

I'm amazed that the city didn't have a backup on a separate server. Isn't that what every responsible organization does? Oh, yeah, that's right...it's B'more....not very responsible are they?

Anonymous said...

JW, yes because it is a opportunity zone.