Barn Door Meet Horse — Baltimore Spent Over $10 Million Responding To 2019 Ransomware Attack; Had No Cyber Insurance

“Instead of paying a $569,000 (cyber insurance) premium to pay the contractors or the ransom, a city pays millions,” says the report, which details some of the expenses after the attack.

Another source reports the attack ended up costing Baltimore $18 million in direct expenses and lost revenue.

Source: As Baltimore rebuilds from 2019 ransomware attack, is $10 million for a cure better than prevention? – Technical.ly