The parent company of Canvas, used by thousands of schools and universities, said it has made a deal with hackers to return the data.

Cyberattacks on widely used third-party services like Canvas can expose sensitive data that hackers can later weaponize. Higher education institutions are often a prime target.

UPDATED: Sorry, kids, everything's back up so get to work on your new assignment - An essay on the ethics of paying ransoms, because it looks like that's what happened here

Instructure CEO Steve Daly's got some explaining to do