Rapid Rise in Ransomware Attacks against Universities

Ransomware attacks Blogs | IEMLabs

Amid the COVID-19 pandemic, when all the education sectors are conducting classes online, higher education is constantly suffering from ransomware attacks. In the past year, the number of ransomware attacks targeting universities has doubled and the cost of ransomware demands is gradually increasing. 

Ransomware is a problem across all sectors, but for higher education it has become a serious issue in recent past. The ongoing COVID-19 pandemic has compelled the students to receive their teaching completely online while many academics are also working from home. This situation has provided a greater scope for ransomware operators to target the higher education sectors easily. 

Analysis of ransomware attacks against higher education found that attacks against universities during 2020 were up 100 percent compared to 2019, and that the average ransom demand now stands at $447,000.The sharp rise in the number of ransomware attacks, combined with the six-figure sums ransomware gangs demand in exchange for the decryption key.

By Hrithik Lall

IEMLabs is an ISO 27001:2013 and ISO 9001:2015 certified company, we are also a proud member of EC Council, NASSCOM, Data Security Council of India (DSCI), Indian Chamber of Commerce (ICC), U.S. Chamber of Commerce, and Confederation of Indian Industry (CII). The company was established in 2016 with a vision in mind to provide Cyber Security to the digital world and make them Hack Proof. The question is why are we suddenly talking about Cyber Security and all this stuff? With the development of technology, more and more companies are shifting their business to Digital World which is resulting in the increase in Cyber Crimes.

Leave a comment

Your email address will not be published.