Blog | G5 Cyber Security

Colonial Pipeline CEO Confirms $4.4 Million Ransom Payment

Colonial Pipeline Co.’s CEO Joseph Blount says he authorized the payment of a $4.4 million ransom just hours after the company was hit by a DarkSide ransomware attack. Blount: ‘It was the right thing to do for the country. I wasnt comfortable seeing money go out the door to people like this” The decision to pay the ransom angered lawmakers. The FBI has long recommended that organizations should not pay any ransoms demanded by attackers because it offers an incentive for others to attack.”]

Source: https://www.cuinfosecurity.com/colonial-pipeline-ceo-confirms-44-million-ransom-payment-a-16696

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