The Limited Times

Now you can see non-English news...

Netherlands: University of Maastricht gets ransom back – with profit

2022-07-02T12:27:56.637Z


Investment with a difference: Because a university bought its way out in bitcoins after a cyber attack, it can look forward to a hefty cash injection. The value of the ransom has more than doubled since then.


Enlarge image

University of Maastricht

Photo: Emanuele Ciccomartino via www.im / Emanuele Ciccomarti / IMAGO

Three years after a serious hacker attack, Maastricht University is getting back considerably more money than it paid the criminals – around half a million instead of 200,000 euros.

The reason for this, in addition to successful police investigations, is the rise in the price of bitcoins.

The ransom was paid in cryptocurrency, according to the newspaper de Volkskrant.

The university confirmed the information at the request of the ANP news agency.

According to this, the trail of bitcoins led the Dutch investigators in 2020 to the digital wallet (cyberwallet) of a man in Ukraine who served the hackers as a money launderer.

He found Bitcoins worth at least 40,000 euros at the time.

The legal negotiations about the retransfer from the blocked wallet dragged on until spring 2022 - to the advantage of the university, which now receives the equivalent value, which has increased to almost 500,000 euros.

The manhunt for the hackers and the great rest of the ransom bitcoins continues.

The money will not flow into the general university budget, but will benefit a fund for students in need, said a spokesman.

He pointed out that given the cost of updating the IT system, the damage done by the hackers was far greater than the ransom.

Around 25,000 students and teachers were affected at the time, and many exam papers were in danger of being lost forever.

sak/dpa

Source: spiegel

All life articles on 2022-07-02

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.