The Colonial Pipeline was taken offline as a result of early attempts to contain the ransomware impacting their corporate networks. The U.S. Justice Department recovered roughly 64 bitcoin (nearly $2.3M) from a virtual wallet. Ransomware insurance isn’t a bad idea, but providers won’t subsidize poor security practices forever, authors say. Even private companies like Colonial, which were previously under less pressure than a public utility to account for compromises, should be invited in, they say.”]

