Payment system news

University of Utah paid hackers $ 457 thousand in cryptocurrency

The College of Social and Behavioral Sciences of the University of Utah was forced to pay 457 thousand dollars in digital assets to the hackers. This was reported by the specialists of the educational institution on their official Internet portal.

So, on July 19, the college’s servers were attacked using ransomware, as a result of which the systems were paralyzed. It is worth noting that the management of the educational institution quickly reacted to the situation by shutting down the servers after the vulnerability was discovered, but the attackers managed to gain access to about 0.02% of the data on employees and students. The ransomware was transferred to a trumpet ransom in cryptocurrency, the main part of which was the funds of the insurance certificate.

“We have invested heavily in solutions to monitor and protect the university community from attacks, including ransomware threats,” the college’s official website notes, and it is indicated that specialists are currently monitoring the network and infrastructure around the clock to assess the emergence of any vulnerabilities and making decisions on their immediate elimination.

Рустам Алиев

Recent Posts

USDC Dominates AI Agent Payments As Circulating Supply Stays Above MiCA’s €5B Threshold For 12 Months

The stablecoin market is quietly evolving, as a new report indicates that Circle’s USDC leads…

1 day ago

Cardano Eyes Insanely Bullish Cup-And-Handle Breakout As Hoskinson Teases New Programming Language For ADA

Cardano (ADA) could be gearing up for an explosive comeback as a potentially bullish cup-and-handle…

1 day ago

New whales now account for 1/3 of Bitcoin’s whale realized cap as on-chain indicators point BTC’s target at $89,000

New Bitcoin whales now control one-third (33%) of the BTC realized market capitalization held by…

1 day ago

Bloomberg Strategist Calls Bitcoin a “Stock-Market Puppet,” Maintains $10,000 Target

Bloomberg commodity strategist Mike McGlone reiterated his prediction that Bitcoin (BTC) could fall to $10,000, calling the…

2 days ago

France Emerges as Crypto Crime Hotspot, With an Attack Nearly Every Two Days

France has emerged as a major hotspot for violent crypto-related crime, with authorities recording 90…

3 days ago

Stellar Eyes 200% Rally as XLM Closes In on $1 Billion Stablecoin Milestone

Stellar (XLM) may be gearing up for a major rally, as its post-breakout price structure…

3 days ago