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Security Bitcoin Education Encryption Software The Almighty Buck

Monroe College Hit With Ransomware, $2 Million Demanded (bleepingcomputer.com) 97

A ransomware attack in New York City's Monroe College has shut down the college's computer systems at campuses located in Manhattan, New Rochelle and St. Lucia. The attackers are seeking 170 bitcoins or approximately $2 million dollars in order to decrypt the entire college's network. Bleeping Computer reports: According to the Daily News, Monroe College was hacked on Wednesday at 6:45 AM and ransomware was installed throughout the college's network. It is not known at this time what ransomware was installed on the system, but it is likely to be Ryuk, IEncrypt, or Sodinokibi, which are known to target enterprise networks. The college has not indicated at this time whether they will be paying the ransom or restoring from backups while gradually bringing their network back online. "The good news is that the college was founded in 1933, so we know how to teach and educate without these tools," Monroe College spokesperson Jackie Ruegger told the Daily News. "Right now we are finding workarounds for our students taking online classes so they have their assignments."
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Monroe College Hit With Ransomware, $2 Million Demanded

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  • More incompetence (Score:5, Interesting)

    by grasshoppa ( 657393 ) on Friday July 12, 2019 @05:57PM (#58916826) Homepage

    Ransomware wouldn't be a concern if they had IT administrators who knew how to take care of their data.

    Seriously, how many more highly public examples are we going to need before these places figure that out?

    • Re: (Score:2, Insightful)

      by Anonymous Coward

      "That happens to other orgs, It'll never happen to us" --every administrator everywhere

    • by Kwirl ( 877607 ) <kwirlkarphys@gmail.com> on Friday July 12, 2019 @06:38PM (#58917014)
      taking care of data is easier when your budget includes enough resources to cover it
    • It isn’t just a function of budget and competence. You have stupid things like computer labs that need access to campus resources, a multitude of cloud services, and individual departments that often get “managed service” from a central IT entity, along with self-managed systems that are often a necessary evil.

      The department level disaster planning must be like herding cats, and the IT department likely focuses much of their energy on the resources that generate revenue for them.

      Ultimately

      • ...and nothing is happening to make it easier.

        The starting point is to not use an operating system that automatically runs and spreads arbitrary programs with administrator-level access just because someone clicked on a file in a fucking email!

        People never seem to learn. The first major step in prevention is to ban Windows from the network, and put Linux in its place. Actually, the first major step is to stop using proprietary software for important operations. Then ban Windows.

        • Good luck with that.

          On a secure network you can impose certain restrictions that grossly limit productivity, but you can’t pull that off on a general purpose network.

  • This is what happens when folks start to pay the Danegeld. It suddenly becomes a good investment for the criminal groups and 100x more saps get hit with the ransomware down the road.

    • It suddenly becomes a good investment for the criminal groups and 100x more saps get hit with the ransomware down the road.

      This isn't all bad. Think of it as "outsourcing security testing".

  • Why hasn't Trump attacked the cities these bitcoin crooks live in?

  • Cheese and rice.... a longtime Bitcoin doubter, I wish I could properly kick myself in the ass for not investing $10K in the Ponzi scheme when /. first started reporting on it.

    • by Anonymous Coward

      We'd all be billionaires if we hadn't trusted our instinct that Bitcoin is a scam and just started mining when the first story hit /.
      But we'd also be billionaires if our parents had bought us Apple stock instead Macs in 1984.

      The point is ... hindsight is 20/20. Don't bother kicking yourself. You've missed tons of opportunities to become a billionaire, and you'll miss a lot more.

  • In future news: School raises tuition to pay for ransom. No student can graduate with paying the increase.
  • by Anonymous Coward

    This is a a for profit college in NYC that preys on minority and foreign exchange students and provides them with worthless "degrees". A real old fashioned paper mill.

  • The more I see these type of headlines, the more discouraged I become in believing that the internet in general is capable of lasting long term in its current form.

    Some things are simply undefendable long term. A wall-less city on an open plain is one, and any system connected to the internet is another. There are too many unknown points to defend against. There are too many people that have to be counted on to never make a single mistake.

    I'm beginning to think that the idea of a network where anyt
  • by account_deleted ( 4530225 ) on Friday July 12, 2019 @09:31PM (#58917538)
    Comment removed based on user account deletion

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