University of Utah pays $457,000 to ransomware gang

The University of Utah revealed today that it paid a ransomware gang $457,059 in order to avoid having hackers leak student information online. The incident is the latest in a long string of ransomware attacks where criminal groups steal sensitive files from the hacked companies before encrypting their files; and in case victims refuse to pay, threaten to release the stolen documents as a second extortion scheme.

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