Online Learning Company K12 Paying Ransom Following Ransomware Attack

From securityweek.com

Online learning solutions provider K12 Inc., which recently announced changing its name to Stride Inc., said on Monday that it had decided to pay a ransom to cybercriminals who managed to breach its systems and deploy a piece of ransomware.

The company said it recently detected unauthorized activity on its network. The attackers deployed a piece of ransomware and accessed information stored on some corporate back-office systems. This includes student and employee information, but Stride has yet to determine exactly what type of information has been compromised.

Read more…