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
- INC Ransom claims responsibility for attack on NHS Scotland (source)
- Lessons from a Ransomware Attack against the British Library (source)
- Jackson County in state of emergency after ransomware attack (source)
- Panera Bread week-long IT outage caused by ransomware attack (source)
- The Week in Ransomware - April 5th 2024 - Virtual Machines under Attack (source)
- How can the energy sector bolster its resilience to ransomware attacks? (source)
- The Drop in Ransomware Attacks in 2024 and What it Means (source)
- Change Healthcare faces second ransomware dilemma weeks after ALPHV attack (source)
- Ransomware group maturity should influence ransom payment decision (source)
- Daixin ransomware gang claims attack on Omni Hotels (source)