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UC San Francisco pays $1.14M to hackers following ransomware attack
Tuesday, June 30, 2020
The University of California at San Francisco has become the latest organization to cave into hackers behind a cyberattack, paying a $1.14 million ransom following a “security incident” earlier this month.
Ilia Kolochenko, founder & chief executive officer of web security company ImmuniWeb, noted that public schools frequently save money on cybersecurity, trying to invest budgets into apparently more appealing areas to deliver more value for students and society.
“Unfortunately, the road to hell is paved with good intentions and unscrupulous attackers readily exploit any inadequate resilience and unpreparedness to extort money,” Kolochenko said. “COVID-19 largely exacerbates the situation with the surge of shadow IT, abandoned servers and unprotected applications serving as an easy entry point into disrupted organizations. We will likely see a steady growth of ransomware hacking campaigns targeting the public sector in 2020.” Read Full Article
Information Security Buzz: Comment: University of California paid £1 Million ransom to Cyber criminals
