Tag Archives: ransomware

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 …

Read More »

US Fuel Supply Reduced As Pipeline Outage Continues

Reuters reports: Supplies of gasoline tightened further in parts of the United States on Tuesday as the shutdown of the nation’s biggest fuel pipeline by hackers entered its fifth day, raising concern about price spikes at the pumps heading into the summer driving season. The Colonial Pipeline said it was working to “substantially” resume operations by the end of this …

Read More »

Major Ransomware Attack Hits Firms Worldwide

The BBC reports: Companies across the globe are reporting that they have been struck by a major ransomware cyber-attack. British advertising agency WPP is among those to say its IT systems have been disrupted as a consequence. Ukrainian firms, including the state power company and Kiev’s main airport were among the first to report issues. The Chernobyl nuclear power plant …

Read More »