Vulnerable devices and systems are targets. EThamPhoto/Getty Images Nir Kshetri, University of North Carolina – Greensboro Cyberattacks have hit schools and colleges harder than any other industry during the pandemic. In 2020, including the costs of downtime, repairs and lost opportunities, the average ransomware attack cost educational institutions $2.73 million. That is $300,000 more than
Photo: Deputy Attorney General Lisa Monaco The Justice Department has recovered most of a multimillion-dollar ransom payment made to hackers after a cyberattack that caused the operator of the nation’s largest fuel pipeline to halt its operations last month, officials said Monday. The operation to recover the cryptocurrency from the Russia-based hacker group is the
Foreign keyboard criminals with scant fear of repercussions have paralyzed U.S. schools and hospitals, leaked highly sensitive police files, triggered fuel shortages and, most recently, threatened global food supply chains. The escalating havoc caused by ransomware gangs raises an obvious question: Why has the United States, believed to have the world’s greatest cyber capabilities, looked
Colonial Pipeline forked over $4.4M to end cyberattack – but is paying a ransom ever the ethical thing to do?
What would happen if companies stopped paying ransoms? Liu Jie/Xinhua via Getty Images Scott Shackelford, Indiana University and Megan Wade, Indiana University It took little over two hours for hackers to gain control of more than 100 gigabytes of information from Colonial Pipeline on May 7, 2021 – causing the firm to shut down its
Police Chief Will Cunningham came to work four years ago to find that his six-officer department was the victim of a crime. Hackers had taken advantage of a weak password to break in and encrypt the files of the department in Roxana, a small town in Illinois near St. Louis, and were demanding $6,000 of