Lincoln College, founded in 157 years, closed under the influence of 'Corona' and 'Cyber Attack'
Lincoln College, a private university located in the suburbs of Illinois, USA, has announced that it will be closed on May 13, 2022. The school explained that the reason for the closure was the confusion caused by the new coronavirus infection (COVID-19) and the ransomware attack, the decrease in the number of students, and the financial difficulties that accompanied them.
Lincoln College-Associates & Bachelors Degree Programs
Ransomware attack, Covid combine to shutter Illinois college
https://www.nbcnews.com/tech/security/ransomware-attack-covid-combine-shutter-illinois-college-rcna24905
Lincoln College has announced that it will end all educational programs at the end of the spring semester, which will come on May 13, and will be permanently closed. We have already notified the Illinois Higher Education and Higher Learning Commission, and we have posted a similar content on our homepage.
'Lincoln College has many difficult and tough times, including the economic crisis of 1887, the campus fire of 1912, the Spanish cold of 1918, the Great Depression, the Second World War, and the global financial crisis of 2008. I have survived, but this time it is different. '
Lincoln College was in good shape with a record number of students enrolling in 2019, the largest dormitory capacity ever, but the COVID-19 pandemic had a huge impact on student recruitment and recruitment. Changes have come to management such as fund raising and all campus life including sporting events. The school said the financial situation was tilted as the financial burden of the pandemic weighed on technology and campus security, and enrollment fell sharply due to postponement of classes and an increase in students choosing to take leave. doing.
In addition, Lincoln College was hit by a ransomware attack in December 2021 that disrupted all systems needed to recruit, retain, and fund recruitment for students enrolled in the fall of 2022. rice field. Although the system was fully restored in March 2022, it turned out that the number of enrolled students was significantly below the number required to maintain the university. For this reason, the school worked to strengthen its financial position by raising funds, selling assets, and relocating employees, but no effort was made and it was finally decided to close the school.
by Mark Gordon
The bachelor's degree earned by the graduate and the credits earned by the student will be maintained as they are. It is explained that current students will be interviewed and supported by a professional counselor to find the next university. In addition, for new students who were supposed to enroll from the next year, the enrollment fee and dormitory fee will be refunded as soon as possible.
The ransomware attack that caused the closure of schools has caused great damage to educational institutions, and according to the survey results released in 2021, 'more than 1740 schools will be targeted by the ransomware attack in 2020 alone, 730 billion. The damage was caused by the yen. ' Kim Milford, who works to share cybersecurity information with educational institutions, said, 'I think the closure of Lincoln College is an event that emphasizes the damage caused by the ransomware attack. As such, a ransomware attack can render the entire network inoperable and have devastating economic consequences. '
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