The University of Utah paid hackers $500,000 in cryptocurrency

The College of Social and Behavioral Sciences of the University of Utah reported the virus that attacked the institution’s network. Due to this the management of the college had to pay almost $500,000. Some of the loss was covered by insurance, and the remainder of the ransom were covered by the college funds.

To prevent the leakage of data, the college management paid a ransom in the amount of $457,059. Some of the loss was covered by insurance, and the remainder of the ransom had to be taken by the college from its own funds. At the same time, funds for grants, donations or taxpayers’ money did not participate in paying the ransom. The college representatives did not disclose in which cryptocurrency the ransom was paid.

After paying the ransom, the University invested in modernizing the computer network and launching a monitoring and prevention system.

The institution’s networks and computer infrastructure are monitored 24 hours a day, and the IT environment is continuously assessed to identify any vulnerabilities that need to be addressed.

In June, the University of California at San Francisco was attacked by the NetWalker hacker group. The institution had to pay $1.14 million in BTC to regain access to the data of the important study.

 

 

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