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Application Security·Cloud Security

Colonial Pipeline CEO Explains $4.4M Ransomware Payment

Colonial Pipeline chief executive Joseph Blount has confirmed the company shelled out $4.4 million to purchase a decryption key to recover from the disruptive ransomware attack that caused gasoline shortages in parts of the U.S. The post Colonial Pipeline CEO Explains $4.4M Ransomware Payment appeared first on SecurityWeek.

Colonial Pipeline chief executive Joseph Blount has confirmed the company shelled out $4.4 million to purchase a decryption key to recover from the disruptive ransomware attack that caused gasoline shortages in parts of the U.S.

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