School officials pay hackers $1.14 million ransom To recover stolen data

Synopsis

In June 2020, the university disclosed that they had suffered a ransomware attack which encrypted a limited number of servers within the university's School of Medicine rendering them temporarily inaccessible.

Since the university considered some of the encrypted data "important to some of the academic work we pursue as a university serving the public good" they agreed to pay a portion of the ransom (approximately $1.14 million) to the attackers in exchange for a tool to unlock the encrypted data.

Analyst

Courtenay Brammar

Experienced global enterprise risk and governance professional. Previously Vice President at Morgan Stanley, Deloitte Risk Advisory practitioner and PRMIA steering committee member in both London and New York.

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