Security News > 2020 > December > Online Learning Company K12 Paying Ransom Following Ransomware Attack
Online learning solutions provider K12 Inc., which recently announced changing its name to Stride Inc., said on Monday that it had decided to pay a ransom to cybercriminals who managed to breach its systems and deploy a piece of ransomware.
The attackers deployed a piece of ransomware and accessed information stored on some corporate back-office systems.
Stride pointed out that the attack did not disrupt its learning management system, nor any major corporate systems - it claimed accounting, payroll, procurement, enrollment and shipping systems remained operational.
"We carry insurance, including cyber insurance, which we believe to be commensurate with our size and the nature of our operations. We have already worked with our cyber insurance provider to make a payment to the ransomware attacker, as a proactive and preventive step to ensure that the information obtained by the attacker from our systems will not be released on the Internet or otherwise disclosed," Stride said on Monday.
It's currently unclear what type of ransomware was used in the attack and how much the company is paying to the cybercriminals.
News URL
Related news
- French govt contractor Atos denies Space Bears ransomware attack claims (source)
- Casio says data of 8,500 people exposed in October ransomware attack (source)
- Preventing the next ransomware attack with help from AI (source)
- Ransomware on ESXi: The mechanization of virtualized attacks (source)
- OneBlood confirms personal data stolen in July ransomware attack (source)
- Enzo Biochem settles lawsuit over 2023 ransomware attack for $7.5M (source)
- Medusa ransomware group claims attack on UK's Gateshead Council (source)
- Ransomware attack forces Brit high school to shut doors (source)
- Ransomware gangs pose as IT support in Microsoft Teams phishing attacks (source)
- Security pros more confident about fending off ransomware, despite being battered by attacks (source)