Bitcoin

California college pays $28,000 ransom, in bitcoin, to cyberattackers

California college pays $28,000 ransom, in bitcoin, to cyberattackers

The cyberattack struck Los Angeles Valley College late last month, disrupting email, voice mail and computer systems at the public community college in Southern California. Then, school officials found a ransom note.

The missive advised the college that its electronic files had been encrypted and that the files could only be unlocked with a "private key." The attackers would supply the key after receiving payment in the valuable digital currency known as bitcoin, which can be used anonymously without a centralized bank.

"You have just 7 days to send us the BitCoin after 7 days we will remove your private keys and it's impossible to recover your files,"...

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