This is going to be an increasingly frequent problem since many colleges have outdated technology.

The Daily Caller reports.

Canadian University Forced To Pay $15k Ransom To Hackers

The University of Calgary was forced to pay 20,000 Canadian dollars (around $15,700) to hackers who infiltrated the college’s information technology systems.

The cybercriminals committed the ransomware attack by encrypting the school’s data and keeping critical computer files from officials and staff.

In a statement posted on its website Wednesday, the University of Calgary wrote, “The expertise of our IT department allowed the university to isolate the effects of the attack and make significant progress toward restoration of the affected portions of our systems.”

Linda Dalgetty, vice president of finances and services at the university, offered justification for the school’s willingness to compromise with criminals at a news conference Tuesday. “We did that solely so we could protect the quality and the nature of the information we generate at the university. We do world-class research here…and we did not want to be in a position that we had exhausted the option to get people’s potential life work back.”


 
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