Last spring, a Baltimore underwent a grinding, long-term government shutdown after the city's systems were hijacked by ransomware. This was exacerbated by massive administrative incompetence: the city had not allocated funds for improved security, training or cyberinsurance, despite having had its emergency services network taken over by ransomware the previous hear, and five city CIOs had departed in the previous four years either through firings or forced resignations. Read the rest

Update: Here is the indictment. Hutchins is accused of making and selling a keylogger called the "Kronos banking trojan."

Marcus Hutchins is the 23 year old security researcher behind the @MalwareTechBlog Twitter account; he's the guy who figured out that the Wannacry worm had an accidental killswitch built in and then triggered it, stopping the ransomware epidemic in its tracks. Read the rest