157-year-old Lincoln College, a small school of less than 1,000 students, became the first American college to announce permanent closure due to a ransomware attack on the school.
Already struggling due to the COVID-19 pandemic, what drove the nail in the coffin for Lincoln College was the unanticipated ransomware attack that “thwarted admissions activities and hindered access to all institutional data,” said the school in an announcement posted to their website.
While Lincoln College confirmed that no personal identifying information was exposed, some reports say that they still paid less than $100,000 of ransom demand.
Lincoln College has survived many difficult and challenging times, such as the Great Depression, World War II, and the 2008 global financial crisis. However, the severity of an unforeseen cyberattack coupled with the struggles of going through a global pandemic proved to be unbearable for the historical school and led to its closure after 157 years in operation.
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