Author Topic: Monroe College Hit With Ransomware, $2 Million Demanded  (Read 23 times)

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Monroe College Hit With Ransomware, $2 Million Demanded
« on: July 12, 2019, 10:22:30 pm »
By Lawrence Abrams     July 12, 2019 07:45 AM

A ransomware attack at New York City's Monroe College has shutdown the college's computer systems at campuses located in Manhattan, New Rochelle and St. Lucia.

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.

Reports indicate that the attackers are asking for 170 bitcoins or approximately $2 million dollars in order to decrypt the entire college's network. 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.