Los Angeles Valley College Pays US$28,000 In Bitcoin After Ransomware Attack

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Ransomware attacks remain a constant threat to our society, even in 2017. The Los Angeles Valley College was forced to pay US$28,000 worth of Bitcoin as a result of a ransomware attack. Institutions like these cannot afford to have hundreds of thousands of files encrypted for an extended period.It remains unclear which type of malware was used during the attack, or whether the college had a data backup that could have prevented paying such a vast sum of money.

Los Angeles Valley College Pays Hefty Bitcoin Price

Ransomware attacks are becoming more popular among cyber criminals as of late. Infecting a high-value target such as an enterprise or a college can result in a very large payday for crooks. The Los Angeles Valley College decided to meet the US$28,000 ransom demand after they saw all files on their servers get encrypted.

Even though the college IT staff discovered the ransomware infection within hours, the damage was already done.  Staff members were locked out of critical files hosted across the college’s multiple servers. Moreover, important campus services ground to a halt, including the entire college network, email services, and

Read more ... source: LiveBitcoinNews

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