Why We Paid Hackers a $4.4 Million Ransom; Colonial Pipeline CEO Joseph Blount Speaks.

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We needed to quickly restore service after cyberattack Effect The East Coast supply.

  • 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, and consequently, how long it would take to bring the pipeline back.

SOURCE WSJ

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