Naturally, the default position of the FBI and our government generally is that companies should not pay ransom. But, as illustrated in the case of Colonial, which runs the main pipeline system ...

Major U.S. oil pipeline system Colonial Pipeline paid a requested 75 bitcoin ransom to hackers who took control of its data last week. Colonial Pipeline has paid 75 BTC (around $5 million at the time ...

The Justice Department on Monday said it had recovered some $2.3 million in cryptocurrency ransom paid by Colonial Pipeline. Colonial Pipeline previously had said it paid the hackers nearly $5 ...

Shortly before 5 a.m. on May 7, an employee in Colonial’s control room saw a ransom note demanding cryptocurrency, prompting a shutdown of the pipeline that 45 percent of the East Coast relies ...

Joseph Blount said the decision to pay a ransom to hackers was the "hardest" in his 39 years in the energy industry. The boss of Colonial Pipeline has apologised after a cyber attack took the US ...

Colonial’s CEO admitted last month the company had paid a ransom in cryptocurrency – estimated at US$ 4.4 million at the time – and argued: “it was the right thing to do for the country.” ...

The FBI has seized 63.7 bitcoin that are allegedly part of a ransom paid by Colonial Pipeline to hacker group DarkSide. According to a news release from the U.S. Department of Justice, the Federal ...

Emergency crews and Colonial Pipeline workers are responding to a potential gasoline release in Paulding County, Georgia, leading to the temporary shutdown of Line 1. The Colonial Pipeline is a ...

The Justice Department seized more than $2.3 million worth of cryptocurrency that was used as a ransom payment to hackers who targeted the Colonial Pipeline in a cyber attack last month. The ...

Researchers investigating the cyber attack on Colonial Pipeline have found that the ... after seeing a ransom note demanding cryptocurrency, Colonial CEO Joseph Blount told Bloomberg.