Ransom in Exchange for Data: A Troubling Trend in Cybersecurity The recent announcement by Instructure, owner of education platform Canvas, has left many questioning their decision to pay a ransom to hackers who stole personal data from 9,000 institutions worldwide.
The payment was made in exchange for the return of compromised data and has been condemned by Hong Kong's Privacy Commissioner for Personal Data, Ada Chung Lai ling.
The incident highlights a disturbing trend in cybersecurity: companies opting for quick fixes over robust security measures to mitigate cyber attacks.