News for hackers. Stuff that matters.
Re:University of Utah pays $457k to ransomware gang by iandev on Friday August 21, 2020 @11:22AM (#24235633)
> "The university's cyber insurance policy paid part of the ransom, and the university covered the remainder. No tuition, grant, donation, state or taxpayer funds were used to pay the ransom"

I was looking to dunk on them but it seems that what they did wasn’t entirely unreasonable. The article further states that they paid to protect student data.

Re:University of Utah pays $457k to ransomware gang by Lionga on Friday August 21, 2020 @11:42AM (#24235793)
Where did the money come from if not from "tuition, grant, donation, state or taxpayer funds"? And if they have another source of funding, this still means the money is missing to fund things in the future that now they have to use "tuition, grant, donation, state or taxpayer funds" for.

They also send a clear message that ransom ware blackmail is a great business model. I think that is more than enough reason to dunk on them.

Re:University of Utah pays $457k to ransomware gang by pc86 on Friday August 21, 2020 @11:47AM (#24235836)
No you don't understand, they didn't use that money, they used different money! Nevermind that money is fungible.

Unless they set money in the budget every year for "Ransomware Insurance Shortfall" this is 100% "tuition, grant, donation, state or taxpayer funds" at some point in the chain.

Re:University of Utah pays $457k to ransomware gang by sgeorge96 on Friday August 21, 2020 @11:54AM (#24235910)
It was partly covered by insurance.
Re:University of Utah pays $457k to ransomware gang by lotsofpulp on Friday August 21, 2020 @12:13PM (#24236121)
Which came from insurance premiums paid by the university.
Re:University of Utah pays $457k to ransomware gang by abluecloud on Friday August 21, 2020 @12:24PM (#24236250)
which was paid for with tuition, grant, donation, state or taxpayer funds
Re:University of Utah pays $457k to ransomware gang by mywittyname on Friday August 21, 2020 @03:19PM (#24238001)
Which will continue to pay for the now-increased ongoing premiums.
Re:University of Utah pays $457k to ransomware gang by edoceo on Friday August 21, 2020 @03:34PM (#24238126)
Turtles
Re:University of Utah pays $457k to ransomware gang by pc86 on Friday August 21, 2020 @11:57AM (#24235932)
We're talking about the part that wasn't.
Re:University of Utah pays $457k to ransomware gang by scarmig on Friday August 21, 2020 @12:06PM (#24236045)
Even the insurance policy that distributed the payout was ultimately paid for with those funds.
Re:University of Utah pays $457k to ransomware gang by colinmhayes on Friday August 21, 2020 @05:51PM (#24239242)
Sunk cost
Re:University of Utah pays $457k to ransomware gang by candiodari on Friday August 21, 2020 @12:08PM (#24236064)
Plus obviously insurance simply means they're using tuition money to pay for ransoms, but all the time, not just when they're threatened.
Re:University of Utah pays $457k to ransomware gang by jessaustin on Friday August 21, 2020 @02:58PM (#24237806)
If they're spending it all the time anyway, why shouldn't the payment have been made?
Re:University of Utah pays $457k to ransomware gang by freeopinion on Friday August 21, 2020 @02:54PM (#24237773)
Utah's higher education system has what I think is a very stupid tuition hierarchy. It seems that tuition is set by the state legislature and cannot be modified by the individual school. But schools can set other fees. So they have this concept of "differential tuition". That is some arbitrary amount that they choose to charge for a particular class that is the difference between what tuition would be if they could control it and the amount mandated by the legislature.

You may have paid all your tuition and still owe the university tuition. Got a tuition scholarship from the university? Better check the fine print. Full-tuition or half-tuition doesn't necessarily mean what you think it means. It might only cover one of the definitions of tuition. Each class can have multiple tuitions of arbitrary amounts and you have to pay them all; your scholarship does not have to cover them all.

Oh, and it is impossible to know how much to budget for a 15-credit hour semester unless you provide a specific list of classes taken.

So, "didn't come from tuition" is an ambiguous statement from a Utah school.

Re:University of Utah pays $457k to ransomware gang by afrcnc on Friday August 21, 2020 @02:57PM (#24237798)
From football game ticket sales... duuuh
Re:University of Utah pays $457k to ransomware gang by bagacrap on Friday August 21, 2020 @05:54PM (#24239275)
school store textbook sales
Re:University of Utah pays $457k to ransomware gang by zucker42 on Friday August 21, 2020 @02:48PM (#24237723)
I think I'd agree with the end of the article. If the only reason you're paying them is to prevent a data leak, what's to stop them from accepting the ransom and still leaking the data?
Re:University of Utah pays $457k to ransomware gang by gowld on Friday August 21, 2020 @03:11PM (#24237925)
Hacker has a reputation to maintain.
Re:University of Utah pays $457k to ransomware gang by Nasrudith on Friday August 21, 2020 @05:59PM (#24239317)
What is to stop them from acting like a blackmailer and going back for more later? Technically all they need is for giving money to "help" short term to maintain their "reputation". It is a danegelt situation.
Re:University of Utah pays $457k to ransomware gang by zucker42 on Friday August 21, 2020 @04:20PM (#24238512)
Except there's not even any claim or confirmation about which group performed the attack, though one is suspected according to the article.