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University of Utah pays a $457,000 ransom to ransomware gang

Security Affairs

The University was able to recover the operations from the backups, but decided to pay the ransom to avoid having ransomware operators leak student information online. ” According to the University, the ransomware encrypted only 0.02% of the data stored on its servers. ” continues the statement.

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HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost

Security Affairs

For those who have cyber insurance against ransomware attacks. Insurance companies require you to keep your insurance information secret, this is to never pay the maximum amount specified in the contract or to pay nothing at all, disrupting negotiations. Very important! reads the ransom note.

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Multiple schools hit by Vice Society ransomware attack

Malwarebytes

The real world impact of cybercrime rears its head once more, with word that 14 schools in the UK have been caught out by ransomware. As we’ve seen recently, cyber insurance is no guarantee of avoiding a ransomware pitfall either with refusal of payout being decided in a court of law. Backup your data.

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Online Schools Company Pays Hacker Ransom

SecureWorld News

We carry insurance, including cyber insurance, which we believe to be commensurate with our size and the nature of our operations. Which of the ransomware gangs or groups hit K12 Inc and its network in this cyber attack? Number one, we're going to want to think about the viability of the backups? How old are they?

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Ransomware Protection in 2021

eSecurity Planet

All of your files are encrypted with RSA-2048 and AES-128 ciphers.” ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” Offline Backups.

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Ransomware in 2020

Cytelligence

Cybercriminals or threat actors release a kind of malware which enters a computer system or network through fraudulent means and locks down files from access by encrypting them until a demanded ransom is paid to hackers in return for a decryption key. Effectiveness of data backup strategies. Increased speeds. Increased reliability.

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How Not to Pay the Ransom? No Soup For You, Ransomware!

Thales Cloud Protection & Licensing

Even the most critical damages caused by ransomware are repairable as long as you have a solid backup strategy. Too many businesses cannot continue their activities until they recover the data encrypted by ransomware. Many collaborative platforms can help you recover the data encrypted by ransomware. They do it free of charge.