Connect with us

Hi, what are you looking for?

Hasepoyo

Tech

Colonial Pipeline Chief to Testify in Senate Panel on Ransomware Hack


WASHINGTON—The chief executive of the pipeline company hit in a multimillion-dollar ransomware attack last month is expected to testify Tuesday on Capitol Hill about the company’s cybersecurity practices and its decision to pay the hackers.

Joseph Blount of Colonial Pipeline Co. is scheduled to appear before the Senate Homeland Security Committee, roughly one month after his company suffered a ransomware attack on its business computer systems. The attack prompted Colonial Pipeline to shut down the 5,500-mile pipeline pumping gasoline, diesel, jet fuel and other refined products from the Gulf Coast to Linden, N.J.

On Monday, the Justice Department said authorities had recovered roughly $2.3 million in digital currency paid to the hackers, a suspected Russian gang known as DarkSide.

The Colonial stoppage spurred a run on gasoline along parts of the East Coast that pushed prices to the highest levels in more than six years, leaving thousands of gas stations without fuel. The attack has prompted senior Biden administration officials to warn that ransomware represents an elevated national security risk.

Mr. Blount told The Wall Street Journal last month that his company paid a $4.4 million ransom to the hackers because executives were unsure how badly the cyberattack had breached its systems.



Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

U.S.

The leader of a small hard-line party says he will try to form a unity government with Prime Minister Benjamin Netanyahu’s opponents. Sunday’s...

Tech

The woman who led the design of Bumble’s dating app in the run-up to the company’s February initial public offering is joining Twitter Inc.,...

Tech

Video platform Rumble said it is receiving an investment from a group of prominent conservative venture capitalists including Peter Thiel and “Hillbilly Elegy” author...

U.S.

The Conservatives deleted a tweet on Thursday that leader Erin O’Toole has said was “detracting” from important conversations about the COVID-19 vaccine rollout...

Copyright © 2020 ZoxPress Theme. Theme by MVP Themes, powered by WordPress.