After a massive raid in May which shut down its IT systems , the University of technology in Canada claimed it paid a Bitcoin ransom , the equivalent of CAD 20k , to malicious hackers " in order to improve the quality and the nature of the information we gathered at the time . " The Calgary police are investigating the cyberattack . encryption continues to be the currency of choice for cyber - terrorism .
After a massive cyberattack in May which shut down its IT systems, the University of Calgary in Canada said it paid a Bitcoin ransom, the equivalent of CAD 20k, to malicious hackers "in order to protect the quality and the nature of the information we generate at the university." The Calgary police are investigating the cyberattack. Bitcoin continues to be the currency of choice for cyber-criminals.