Colonial Pipeline Paid $5 Million Ransom After Hack
The company that operates a key transmission pipeline that delivers gasoline and jet fuel to East Coast markets paid $5 million to hackers to regain control of its systems.
Colonial Pipeline had initially said it had no intention of paying the ransom demanded by hackers who disabled its computer networks and shut down the pipeline. But the company did pay the ransom, according to a Bloomberg report, delivering about $5 million in an untraceable cryptocurrency within hours after the attack.
Image source: Getty Images.
Source Fool.com
