Businesses are advised against paying – but many are prepared to deal to protect users’ privacyAfter a week of outages, hundreds of millions of students’ data stolen, delayed assignment due dates and school login pages being defaced by hackers, the US tech firm Instructure – which operates the education platform Canvas, used by education providers worldwide – announced it had “reached an agreement with the unauthorised actor” behind the ransomware attack.Experts read the careful language as a sign that a ransom has been paid. The company has not confirmed this. Continue reading…
Holy shit. I thought this must be the case when I saw reports that the incident was removed from the shiny hunters website.
I wonder if they had insurance that paid out. Is that a thing for ransom? As I type this it strikes me as unlikely.
From the few instances I know about, I think insurance companies that cover ransomware attacks will decide on a per-case basis if they want to pay the ransom or cover the costs of recovering without paying the ransom
