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Los Angeles College Pays Hackers $28,000 Ransom To Get Its Files Back

Los Angeles College Pays Hackers $28,000 Ransom To Get Its Files Back
Jan 10, 2017
Ransomware has turned on to a noxious game of Hackers to get paid effortlessly. Once again the heat was felt by the Los Angeles Valley College (LAVC) when hackers managed to infect its computer network with ransomware and demanded US$28,000 payment in Bitcoins to get back online. The cyber-attack occurred over winter break and caused widespread disruption to online, financial aid, email and voicemail systems, including locking out 1,800 students and staffs from their computers. As the situation was gone out of its hand, the Los Angeles Community College District (LACCD) agreed to pay the ransom demand of $28,000 in Bitcoin to criminals to resume their operations after gaining the decryption keys, the school newspaper, The Valley Star, reports . The cyber criminals gave the college a week to pay the ransom and threatened to delete all the data if they were not paid. Also Read: RansomFree Tool Detects Never-Seen-Before Ransomware Before It Encrypts Your Data Just like mos

This Ransomware Unlocks Your Files For Free If You Read CyberSecurity Articles

This Ransomware Unlocks Your Files For Free If You Read CyberSecurity Articles
Jan 05, 2017
Ransomware has been around for a few years, but in last two years, it has become one of the fastest growing threats to businesses and users across the world, so will be in 2017. Ransomware is a piece of malware that encrypts files on your computer with strong encryption algorithms and then demands a ransom money in Bitcoin to decrypt the data so you can regain access to your encrypted files. We have seen some nastier ransomware infections over the past couple of years. The most interesting one was Popcorn Time that decrypts victims files for free if they pass the infection on to other people. Now, a new strain of ransomware takes the infection to a whole new level of craziness. Dubbed Koolova , the ransomware will restore your encrypted files for free, just like Popcorn Time. The only difference between both the infections is that you don't have to infect others to get free decryption key. Instead, all you have to do is educate yourself about ransomware by reading two

GenAI: A New Headache for SaaS Security Teams

GenAI: A New Headache for SaaS Security Teams
Apr 17, 2024SaaS Security / AI Governance
The introduction of Open AI's ChatGPT was a defining moment for the software industry, touching off a GenAI race with its November 2022 release. SaaS vendors are now rushing to upgrade tools with enhanced productivity capabilities that are driven by generative AI. Among a wide range of uses, GenAI tools make it easier for developers to build software, assist sales teams in mundane email writing, help marketers produce unique content at low cost, and enable teams and creatives to brainstorm new ideas.  Recent significant GenAI product launches include Microsoft 365 Copilot, GitHub Copilot, and Salesforce Einstein GPT. Notably, these GenAI tools from leading SaaS providers are paid enhancements, a clear sign that no SaaS provider will want to miss out on cashing in on the GenAI transformation. Google will soon launch its SGE "Search Generative Experience" platform for premium AI-generated summaries rather than a list of websites.  At this pace, it's just a matter of a short time befo
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