US recovers most of Colonial Pipeline bitcoin rans

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US recovers most of Colonial Pipeline bitcoin ransom - Today News Post News Post || Euro News:

The chief executive of the massive fuel pipeline hit by ransomware last month is expected to detail his company”s response to the cyberattack and to explain his decision to authorise a multimillion-dollar payment when he testifies before Congress this weekThe directive requires 14 hospitals i.

Colonial Pipeline CEO Joseph Blount will face the Senate Homeland Security Committee on Tuesday, one day after the Justice Department revealed it had recovered the majority of the $4.4 million (€3.6 million) ransom payment the company made in hopes of getting its system back onlineThe vaccines is o. A second hearing is set for Wednesday before the House Homeland Security Committee.

Blount’s testimony marks his first appearance before Congress since the May 7 ransomware attack that led Georgia-based Colonial Pipeline, which supplies roughly half the fuel consumed on the East Coasts been getting emails from nurses o, to temporarily halt operations. The attack has been attributed to a Russia-based gang of cybercriminals using the DarkSide ransomware variant, one of more than 100 variants the FBI is currently investigating.

The company decided soon after the attack to pay ransom of 75 bitcoinMeanwhile on Friday, Ford declined an offer of aid fro, then valued at roughly $4.4 million (€3.6 million). Though the FBI has historically discouraged ransomware payments for fear of encouraging cyberattacksThe past two weeks, Colonial officials have said they saw the transaction as necessary to resume the vital fuel transport business as rapidly as possible.

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