Pipeline CEO Admits to Paying $4.4m to Ransomware Hackers

The operator of the nation’s largest fuel pipeline confirmed it paid 75 Bitcoin, worth $4.4 million, to a gang of hackers who broke into its computer systems, according to a report Wed.....»»

Colonial Pipeline paid Eastern European hackers nearly $5 million in an untraceable cryptocurrency last week in response to a ransomware attack, Bloomberg reported Thursday, citing people fam.....»»

The ransomware cyberattack on Colonial Pipeline isn’t the first time hackers have hit energy assets in America and beyond in rec.....»»

The hacker group suspected to be behind a ransomware attack on Colonial Pipeline that has cut off the flow of fuel products to the U.S. East Coast released a statement Monday saying that it's goal was only to make money and not disrup.....»»

Friday's DarkSide attack took down a major oil pipeline. A cybersecurity expert said such ransomware attacks tend to target local governments. Trucks line up at a Colonial Pipeline facility. Jay Reeves/AP Friday's DarkSide att.....»»

The Biden administration on Monday said it hasn't offered advice to Colonial Pipeline about paying a ransom after it was victimized by an attack over the weekend......»»

A study has found that most ransomware recovery services are actually just paying crypto ransoms to hackers......»»

Tarrant Appraisal District pinned the blame on Medusa, a hacking group responsible for a recent ransomware attack on the district, WFAA reports......»»

CNA Financial's $40 million blowout could be one of the biggest ransomware payments yet, Bloomberg reported. Investors are pouring billions into cybersecurity star.....»»

The operator of the nation’s largest fuel pipeline confirmed.....»»

Officials, speaking on the condition of anonymity because of the matter’s sensitivity, said military cyber operators did not undertake such an action nor had any other U.S. agency......»»

Colonial chief executive Joseph Blunt said he decided early to make the payment after the company was unsure how much of its system was at risk......»»

Hackers have demanded to be paid in cryptocurrencies in recent high-profile cyberattacks, raising the old issue of bitcoin and crime. Critics have long highlighted bitcoin's use in crime. Cesc Maymo/Getty Images Ra.....»»

Trying to install fixes to avoid another ransomware attack, the company may have caused glitches in the system used by shippers for communication......»»

Colonial Pipeline Admits Shippers" Comms System Is "Experiencing Network Issues".....»»

The Colonial Pipeline Co. said Saturday that it has returned its service to normal operations. read more.....»»

The Colonial Pipeline episode is likely to bring even greater interest in the regulation of bitcoin and other cryptocurrencies as law enforcement seeks to track down the perpetrators, and policymakers hope to prevent similar attacks from happening again......»»

Here Are The States Hardest Hit By The Gasoline Shortage Colonial Pipeline restarted operations Wednesday evening after a ransomware attack paralyz.....»»

Colonial Pipeline Co. may have paid between $4 million and $5 million to hackers in order to get its pipeline back up and running......»»

Oil futures declined Thursday, with U.S. prices settling at their lowest level so far this month, following news that Colonial Pipeline has restarted operations following a ransomware-related operat.....»»