For three weeks now, the computers at Baltimore’s city administration have been held as virtual hostages. They have been infected with ransomware that relies on the “EternalBlue” malware developed by US military intelligence service the NSA. The extortionists are demanding a ransom of 13 bitcoins, which converts into roughly 100,000 dollars and which Baltimore is unwilling to pay. Consequently,...

Specialty insurer Allianz Global Corporate & Specialty (AGCS) surveyed roughly 2400 companies around the globe for its Risk Barometer 2019 to determine which risks they see their businesses exposed to. “Cyber Incidents” ranked second on the resulting list of answers.

As cyberattacks become ever more common and complex, companies need to invest growing amounts of money to protect their email systems.