Colonial Pipeline Reportedly Paid Nearly $5 Million in Ransom to Hackers

Video Credit: Wibbitz Top Stories
Published on May 13, 2021 - Duration: 01:04s

Colonial Pipeline Reportedly Paid Nearly $5 Million in Ransom to Hackers

Colonial Pipeline Reportedly Paid Nearly $5 Million in Ransom to Hackers.

According to 'Bloomberg,' Colonial Pipeline Co.

Paid the ransom in difficult-to-trace cryptocurrency within hours after the attack, .

Which contradicts earlier reports that the company had no intention of paying any extortion fee.

The hackers, which the FBI said are linked to a group called DarkSide located in either Russia or Eastern Europe, specialize in digital extortion.

A source familiar with the companyโ€™s efforts stated that the hackers provided a decrypting tool upon receiving the payment, .

Though the tool operated so slowly that Colonial continued using its own system to restore operations.

Colonial said it began to resume fuel shipments on Wednesday evening


You are here

Related videos from verified sources

Should Colonial Pipeline have paid the hackers? 03:40
Video credit: Bleacher Report AOL - Published on May 15, 2021 

Biden says 'don't panic' as pipeline reopens 02:01
Video credit: Reuters - Politics - Published on May 13, 2021 

Race Against Time To Restore Pipeline Targeted In Cyberattack 02:27
Video credit: CBS 2 New York - Published on May 10, 2021 

You might like