March 19, 2024

Colonial Pipeline CEO Explains Why He Made Ransomware Hackers Rich

The CEO of Colonial Pipeline, Joseph Blount,Ā has attempted to explain why he chose to pay a $4.4 million ransom to hackers that took the pipelineā€™s system hostage. According to one expert, the Colonial Pipeline payoff will ā€œhelp keep United States critical infrastructure providers in the crosshairs.ā€ TheĀ Wall Street Journal reportsĀ that the CEO of the Colonial…

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