Tag Archives: cyber crime

Colonial Pipeline CEO: Paying $4.4 Million Ransom Was The Right Thing For The Country, I Didn’t Do It Lightly

The Wall Street Journal reports: Joseph Blount, CEO of Colonial Pipeline Co., told The Wall Street Journal that he authorized the ransom payment of $4.4 million because executives were unsure how badly the cyberattack had breached its systems or how long it would take to bring the pipeline back. “I know that’s a highly controversial decision,” Mr. Blount said in …

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LIVE VIDEO: Biden Addresses Pipeline Cyber Attack

ABC News reports: President Biden plans to address the nation Thursday on the attack on the Colonial Pipeline that led to panic buying and fuel shortages. He also is scheduled to convene an Oval Office meeting with six Republican senators as he continues to try to build support for a sweeping infrastructure package. The Colonial Pipeline, which delivers about 45% …

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REPORT: Pipeline Operator Paid Hackers Nearly $5M

Bloomberg News reports: Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two people familiar with the transaction. The company paid the hefty ransom in untraceable cryptocurrency within hours after …

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Cyberattack By “Foreign Entity” Cripples Newspapers

The Associated Press reports: A computer virus hit newspaper printing plants in Los Angeles and at Tribune Publishing newspapers across the country. Tribune Publishing said a computer virus disrupted production of the Chicago Tribune and its other newspapers, the Chicago Tribune reported. Tribune Publishing also reported the attack to the FBI on Friday, the Chicago Tribune said. The virus that …

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DOJ Indicts Seven Russian Spies For Cyber Crimes

Axios reports: The Department of Justice announced indictments Thursday against seven Russian military intelligence officers for alleged malicious cyber activities against the U.S. and its allies, including retaliation against officials and organizations that exposed state-sponsored doping by Russian Olympic athletes and the hacking of a lab investigating Russia and Syria’s use of chemical weapons. CNBC reports: The indictment announced at …

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LIVE VIDEO: DOJ Makes “Major” Cyber Announcement

PBS reports: Deputy Attorney General Rod Rosenstein is expected to lead a news conference today to make a “major cyber law enforcement announcement.” The conference is planned for 10 a.m. today. Rosenstein will be joined by other law enforcement officials for the announcement, including Sigal Mandelker, the U.S. Treasury department’s undersecretary for terrorism and financial intelligence. It’s not immediately clear …

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Kremlin Hackers Seek To Infiltrate US Senate Servers

Politico reports: The suspected Russian hackers accused of breaching the Democratic National Committee and meddling in France’s presidential election are now targeting the U.S. Senate, according to new research. Since last June, the hacking group known as “Fancy Bear” has been setting up fake websites mimicking the Senate’s login server, hoping to trick Senate staffers into entering their credentials there, …

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Young Brit Shuts Down Global “Ransomware” Attack

The New York Daily News reports: Shutting down the global cyberattack that infected nearly 100 nations came down to a twenty-something British computer geek vacationing at home. The security researcher says he shut down the fast-spreading ransomware program by purchasing a domain name for $10.69 — and accidentally activating its kill switch. In a lengthy Saturday web posting, the 22-year-old …

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