colonial pipeline

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A “majority” of Colonial Pipeline’s $4.4 million ransom payment to the Darkside hacker group has been recovered, the Department of Justice announced on Monday.

In a press conference, Deputy Attorney General Lisa O. Monaco said the company cooperated with the Federal Bureau of Investigations to track down most of the approximately 75 bitcoin to a cryptocurrency wallet used by the hackers.

Darkside was believed to be based in Russia but effectively disappeared after the attack that led to gasoline shortages across the southeastern US.

Colonial Pipeline’s CEO Joseph Blount previously told The Wall Street Journal he authorized the payment because his team was not sure how bad the attack was or how long it would take to recover.

“I know that’s a highly controversial decision,” he said. “I didn’t make it lightly. I will admit that I wasn’t comfortable seeing money go out the door to people like this.”

Ransomware attacks have increased in number and severity, and most payments are never recovered.

This story is developing. Please check back for updates.

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Source:: Business Insider

      

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