University Pays $20,000 in Bitcoin to Hackers
A Canadian university has paid bitcoin to malicious hackers to restore its computer systems after it became the subject of a cyberattack that denied access to its data. The University of Calgary paid a ransom amounting to $20,000 Canadian dollars worth of bitcoins in order to obtain the keys or methods of decryption to restore its data. Linda Dalgetty, the school’s vice-president of finances and services, said in a message released on the UT website that the cyberattack, which crippled multiple systems on May 28, used ransomware, which locks or encrypts computer networks until a ransom is....
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According to a cyber-security survey, 33% of UK companies are buying Bitcoin in anticipation of ransomware attacks. This comes after a Canadian university paid 20,000 Canadian dollars in Bitcoin for the encryption keys to their data this week. Canadian university ransomware attack. More than 100 of the computers at the University of Calgary had been infected with the ransomware, causing email and other files to become encrypted. After their IT department spent countless hours trying to find a solution to the attack, it was resolved that they would pay the ransom money of CAD $20,000 (USD....
The university reluctantly paid €200,000 in Bitcoin in December 2019 to avoid losing critical research data and resources. Netherland-based Maastricht University (UM) is set to recover nearly €500,000 worth of Bitcoin (BTC) after the police authorities managed to solve the infamous ransomware attack in December 2019.In 2019, a ransomware hack targeted the said university and froze all its research data, emails and library resources. The hackers demanded €200,000 in BTC and the university decided to pay the said amount fearing losing critical research data.The Dutch Public Prosecution....