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Dutch Uni Will get Cyber Ransom Cash Again… With Curiosity

By AFP on July 02, 2022

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A Dutch college that fell sufferer to an enormous ransomware assault has partly obtained again its stolen cash… which within the meantime greater than doubled in worth, a information report mentioned on Saturday.

The southern Maastricht College in 2019 was hit by a big cyberattack during which criminals used ransomware, a kind of malicious software program that locks worthwhile knowledge and may solely be accessed as soon as the sufferer pays a ransom quantity.

“The criminals had encrypted lots of of Home windows servers and backup techniques, stopping 25,000 college students and workers from accessing scientific knowledge, library and mail,” the day by day De Volkskrant mentioned.  

The hackers demanded 200,000 euros ($208,000) in bitcoins.

“After per week the college resolve to accede to the prison gang’s demand,” the paper mentioned.

“This was partly as a result of private knowledge was in peril of being misplaced and college students have been unable to take an examination or work on their theses,” it mentioned.

Dutch police traced a part of the ransom paid to an account belonging to a cash launderer in Ukraine.

Prosecutors in 2020 seized this man’s account, which contained numerous completely different crypto currencies together with a part of the ransom cash paid by Maastricht.

“When, now after greater than two years, it was lastly potential to get that cash to the Netherlands, the worth had elevated from 40,000 euros to half-a-million euros,” the paper mentioned.

Maastricht College will now get the 500,000 euros ($521,000) again.

“This cash won’t go to a normal fund, however right into a fund to assist financially strapped college students,” Maastricht College ICT director Michiel Borgers mentioned.

The investigation into the hackers accountable for the assault on the college remains to be ongoing, De Volkskrant added.

Associated: Netherlands College Pays $240,000 After Focused Ransomware Assault

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