University Pays $20,000 in Bitcoin to Hackers

A Canadian university has paid bitcoin to malicious hackers to restore its computer systems after it became the subject of a cyberattack that denied access to its data.

The University of Calgary paid a ransom amounting to $20,000 Canadian dollars worth of bitcoins in order to obtain the keys or methods of decryption to restore its data.

Linda Dalgetty, the school’s vice-president of finances and services, said in a message released on the UT website that the cyberattack, which crippled multiple systems on May 28, used ransomware, which locks or encrypts computer networks until a ransom is paid.

https://www.cryptocoinsnews.com/university-pays-20000-in-bitcoins-to-hackers/