Industry News: Cyber

Colonial Pipeline Paid Hackers Nearly US$5M in Ransom

Written by Cybersecurity | May 14, 2021 2:33:55 PM

2021-05-13

BNN Bloomberg: Colonial Pipeline Co. paid nearly US$5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two people familiar with the transaction.

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