The University of Utah revealed today that it paid a ransomware gang $457,000 in order to avoid hackers leaking student information. The university’s cyber insurance policy paid part of the ransom, and the university covered the remainder.
https://twitter.com/lordboots/status/1297363684809990145
Experts Comments
August 24, 2020
The decision to pay a fairly important ransom will likely bolster sophisticated attacks against US universities that are already surging. When your data is just encrypted, and there is no economically practical way to decrypt it and restore operations but to pay a ransom, yielding to the attackers may be a sound decision as a matter of business.
Numerous examples from the past, however, convincingly demonstrate that hackers will not necessarily honor their nebulous promises, and release the.....Read More
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@Jonathan Reiber, Senior Director of Cybersecurity Strategy and Policy, provides expert commentary at @Information Security Buzz.
"Universities, hospitals, and other organizations should take a threat-informed approach to their cyber security strategy to stop ransomware...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/expert-reacted-to-university-of-utah-paid-a-ransomware
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@Jonathan Reiber, Senior Director of Cybersecurity Strategy and Policy, provides expert commentary at @Information Security Buzz.
"Universities, hospitals, and other organizations should take a threat-informed approach to their cyber security strategy to stop ransomware...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/expert-reacted-to-university-of-utah-paid-a-ransomware