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Colonial Pipeline paid hackers $5 million in ransom, says official

The company paid the hefty ransom in difficult-to-trace cryptocurrency within hours after the attack

cyber security, cyber attacks, cybersecurity, data, privacy, hackers, hacking
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Once they received the payment, the hackers provided the operator with a decrypting tool to restore its disabled computer network

William Turton, Michael Riley & Jennifer Jacobs | Bloomberg
Colonial Pipeline 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 difficult-to-trace cryptocurrency within hours after the attack, underscoring the immense pressure faced by the Georgia-based operator to get gasoline and jet fuel flowing again to major cities along the Eastern Seaboard, those people said. A third person familiar with the situation said US government officials are aware that Colonial

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