Dutch University Gets Bitcoin Ransom Paid in 2019 

The southern Maastricht University in Netherland that came down with a significant ransomware attack has actually partially gotten back its taken cash, a regional wire service reported on Saturday.

The Dutch University suffered a big cyberattack in 2019 that locked them, and their trainees, out of important information till they accepted pay a EUR200,000 ($ 208,000) ransom in Bitcoin which hackers required to decrypt the information.

” The bad guys had actually secured numerous Windows servers and backup systems, avoiding 25,000 trainees and workers from accessing clinical information, library and mail,” the everyday De Volkskrant informed.

” After a week the university choose to accede to the criminal gang’s need,” the paper stated. This was partially since individual information remained in threat of being lost and trainees were not able to take an examination or deal with their theses.”

As part of an examination into the cyberattack, regional cops traced part of the ransom paid to an account coming from a cash launderer in Ukraine. In 2020, the authorities took the criminal’s account, which included a variety of various cryptocurrencies consisting of part of the ransom cash paid by Maastricht University.

Previously today, the authorities had the ability to return the ransom back to the university. However the worth of the Bitcoin kept in the Ukrainian account has actually increased from its then-value of EUR40,000 to EUR500,000.

” When, now after more than 2 years, it was lastly possible to get that cash to the Netherlands, the worth had actually increased from 40,000 euros to half-a-million euros,” the paper even more check out. Maastricht University will now get the 500,000 euros ($ 521,000) back.

” This cash will not go to a basic fund, however into a fund to assist economically strapped trainees,” Maastricht University ICT director Michiel Borgers mentioned.

The administrators of Maastricht University must count themselves fortunate as they had the ability to recover their taken cash. In 2015, the University of California paid $1.14 million to NetWalker aggressors after they secured information within its School of Medication’s servers, and the University of Utah paid hackers $457,000 to avoid them from launching information taken throughout an attack on its network.

In 2021, ransomware aggressors targeted 58 U.S. education companies and school districts, consisting of 830 specific schools, according to the report released by Emsisoft hazard expert Brett Callow. Emsisoft approximates that in 2020, 84 events interfered with finding out at 1,681 specific schools, colleges, and universities.

Read the full article here

Hosted by
News Room

Cybervizer is a blog and podcast site that focuses on the latest technology and cybersecurity topics that are impacting enterprises, both small and large. Join us to explore the most important trends in enterprise technology and cybersecurity today. Get true insights into the tech and trends that will impact you and your organization.

Sign Up for Our Morning Boot Cybersecurity Newsletter

Sponsored Ad

Cybervizer Recommended Book