Security News > 2020 > June > UCSF Pays Cybercriminals $1.14 Million to Recover Files After Ransomware Attack
2020-06-29 14:41
Late last week, the University of California San Francisco revealed that it paid roughly $1.14 million to cybercriminals to recover data encrypted during a ransomware attack earlier this month.
"While we stopped the attack as it was occurring, the actors launched malware that encrypted a limited number of servers within the School of Medicine, making them temporarily inaccessible," UCSF says.
UCSF also notes that the data encrypted during the attack was part of academic work.
The NetWalker ransomware operators are believed to have carried out the attack.
Paying becomes an incentive for cybercriminals to continue engaging in similar attacks, as paying victims are considered financially viable.
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