Jump to content
Search In
  • More options...
Find results that contain...
Find results in...

University "Profits" After Paying Ransomware Demands

Lurick
 Share

Summary:

A Dutch university paid ransomware attackers about €200,000 in 2019 after a ransomware attack brought down a large portion of their systems. Since then police recovered some of the money and eventually were able to return the recovered portion to the school, however this happened to be two years later during the crypto boom where the value of the recovered money had grown to about €500,000. The school has said the money will go towards helping financially strapped students.

 

Quotes

Quote

The university was hit with a ransomware attack in 2019 that locked them, and their students, out of valuable data until they agreed to pay a €200,000 ($208,000) ransom in Bitcoin.

"The criminals had encrypted hundreds of Windows servers and backup systems, preventing 25,000 students and employees from accessing scientific data, library and mail," the daily Dutch newspaper De Volkskrant said. 

The university agreed to pay the attackers after a week. "This was partly because personal data was in danger of being lost and students were unable to take an exam or work on their theses," the newspaper said.

 

As part of an investigation into the cyberattack, Dutch police tracked down a bank account belonging to a money launderer in Ukraine, into which a relatively small amount of the ransom money — around €40,000 worth of Bitcoin — had been paid.

Prosecutors were able to seize the account in 2020 and found a number of different cryptocurrencies.

 

My thoughts

Definitely an interesting turn of events for sure and definitely something good to come out of a ransomware attack which isn't what you generally hear about.

 

Sources

https://www.dw.com/en/dutch-university-wins-big-after-bitcoin-ransom-returned/a-62337229

Current Network Layout:

Current Build Log/PC:

Prior Build Log/PC:

Link to comment
Share on other sites

Link to post
Share on other sites

3 hours ago, Lurick said:

"The school has said the money will go towards helping financially strapped students."

Or, you know, upgrade the infrastructure and beef up the cyber security with much needed policies/procedures and tools (EDR, XDR). 🤔

Link to comment
Share on other sites

Link to post
Share on other sites

8 minutes ago, StDragon said:

Or, you know, upgrade the infrastructure and beef up the cyber security with much needed policies/procedures and tools (EDR, XDR). 🤔

Nah they totally already did that, like always happens...

Link to comment
Share on other sites

Link to post
Share on other sites

Stonks | Know Your Meme

AMD FX™ 6300 @ 4.51 GHz | ASUS M5A97 R2.0 | Sapphire Radeon HD 7850 2GB OC | 24GB Kingston DDR3 | Samsung 850 EVO 250GB WD Green 1.5TB | ASUS Xonar DG | Windows 10 Pro

Sony MDR-V250 | GNT-500 | Logitech G610 Orion Brown | Logitech G402 | Samsung C27JG5  | ASUS ProArt PA238QR

Intel Core™ i7-7600U | Seagate 500GB HDD | 16GB DDR4 | Windows 10 Enterprise | HP EliteBook 850 G4

Intel Core™ i5-8520U | WD Blue M.2 250GB | 1TB Seagate FireCuda | 8GB DDR4 | Windows 11 Home | ASUS Vivobook 15 

Intel Core™ i7-3520M | GT 630M | 16 GB Corsair Vengeance DDR3 | Samsung 850 EVO 250GB | macOS Catalina  Lenovo IdeaPad P580

iPhone 12 Mini (iOS 15.5) | iPhone XR (iOS 15.5) |  iPad Mini (iOS 9.3.5) | KZ AZ09 Pro x KZ ZSN Pro X

Link to comment
Share on other sites

Link to post
Share on other sites

Well, what are they going to spend the money on?

Specs: Motherboard: Asus X470-PLUS TUF gaming (Yes I know it's poor but I wasn't informed) RAM: Corsair VENGEANCE® LPX DDR4 3200Mhz CL16-18-18-36 2x8GB

            CPU: Ryzen 9 5900X          Case: Antec P8     PSU: Corsair RM850x                        Cooler: Antec K240 with two Noctura Industrial PPC 3000 PWM

            Drives: Samsung 970 EVO plus 250GB, Micron 1100 2TB, Seagate ST4000DM000/1F2168 GPU: EVGA RTX 2080 ti Black edition

Link to comment
Share on other sites

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share


×