According to a recent tweet by the twitter account Ransom Leaks, hackers have targeted three universities in the US with a ransomware attack. The hackers installed ransomware in the universities’ networks and demanded payment in Bitcoin. Ransom Leaks often posts updates on the latest ransomware attacks.

The Details of the Attack

A group that calls itself NetWalker carried out the attack. The hackers recently hacked the University of California San Francisco and Columbia College Chicago. In the initial attack on a university, the hackers targeted the University of Michigan East Lansing on May 27. They then threatened to leak all the data online unless the university paid their ransom. A few days later, they leaked the stolen data online on June 3.

Michigan State University Responds

On June 3, Michigan State University issued a statement about the hack. The university said that they would not pay the ransom demanded. According to them, paying the criminals would have allowed them to live another day and target someone else.

They added that it was important to keep in mind that there were criminal activities. People seeking to make easy money were perpetuating these criminal acts. Instead of paying them, the university would be working closely with law enforcement and following their advice.

The university also revealed that the attack took place on Memorial Day. They said that the attack was limited to the physics and astronomy department at the university. Within hours of finding out about the hack, they took the impacted servers and workstation offline.

The university has said it is working to identify the information that may have been stolen. Anyone who was affected will be provided with the right support. It is believed that the stolen data included financial documents and personal information belonging to students. What is not clear is what impact the release of such personal details will have on those affected.

Such Attacks are Rare

Successful ransomware attacks on higher education institutions and research centers are quite rare. However, attacks on research centers do occur. For instance, hackers recently targeted supercomputers across Europe and attempted to use them to mine crypto.

When ransomware attacks occur, most institutions do not reveal whether they paid the ransom or not. However, MSU was quite honest and they stated that they did not pay the ransom. According to a recent report by Infosecurity Magazine, there is a good chance UCSF and Columbia paid the ransom since they are no longer listed on the Netwalker leak site.

How to Stay Safe

After such an attack, one of the best remedies would be to change passwords, update operating systems, as well as antiviruses. In general, if your details were to be affected by such an attack, it would be wise to change emails to any sensitive accounts held in those emails. Other hackers could use the details to try to carry out a second wave targeting students’ online personas. The statement for MSU also suggested that students at the university should delete data once they are done with it. Additionally, they should use two-factor authentication.

In general, while there is no foolproof way of staying safe online, using the few tips above should make it harder to be targeted.

Image Source: Pixabay 

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.

You May Also Like

How BizTech Community Is Shaping the Future of Crypto Journalism in Southeast Asia

In a digital world flooded with speculation and hype, BizTech Community is…

Bitcoin Network Status – Holding Up Extremely Well in 2019

In the cryptocurrency hemisphere, one looks at very different metrics than the…

Ukraine Passes Crypto Law To Monitor Trading Activities With The Help Of Binance Exchange

The government of Ukraine recently passed an AML law that covers the crypto sector.…

SEC May Be Going After Crypto Initial Exchange Offerings ( IEOs )

Initial Coin Offering (ICO) might be dead for people, but the regulators…

Ripple Partner TerraPay Partners With Bank Alfalah To Fuel Remittance Payments

Bank Alfalah, one of the largest private banking institutions in Pakistan has…

Tunisia Technically Becomes The First Nation To Issue A Central Bank Digital Currency

The benefits of digital currencies for developing nations have been touted for…
OMG Token

OMG Network Token Price Continues Surge

OMG Token has rallied +12% the last 24HR despite most cryptocurrencies seeing…

Cryptopia Exchange Update: Creditors Are Growing Impatient

At the start of 2019, Cryptopia suffered from a debilitating hack that…

QuadrigaCX CEO Was A Career Con Artist

According to a recent NY Times report, the customers of the defunct QuadrigaCX…

VIX Surges Past 24 as Market Volatility Returns With Vengeance

Wall Street’s anxiety barometer registered its sharpest increase in over a month…