• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days They pay YOU to TAKE Natural Gas
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 2 days What fool thought this was a good idea...
  • 5 hours A question...
  • 5 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 11 days The United States produced more crude oil than any nation, at any time.
Inflation Fears Keep Oil Prices Suppressed

Inflation Fears Keep Oil Prices Suppressed

The week began positively with…

U.S. Claws Back Millions From Pipeline Ransomware Attackers

The FBI has seized $2.3 million of the $4.4 million paid to the ransomware attackers of the Colonial Pipeline.

Colonial Pipeline had paid the $4.4 million ransomware—in the form of bitcoin—to the DarkSide ransomware group to quickly restore the flow of petroleum.

The decryptor tool that Colonial purchased from the hackers, however, didn’t work properly, leaving Colonial to rebuild its network through other means anyway, according to Wall Street Journal report.

Colonial paid the ransom because it was not confident it understood the extent of the ransomware, or how long it would take it to restore service to the pipeline after the May 7 attack.

Colonial paid the ransom just a day after the attack.

But that didn’t stop the U.S. Justice Department from tracking down the funds Colonial used to pay the hackers.

On Monday, the DoJ said in a press release that it had tracked down about 63.7 of the 75 bitcoin that it assumed Colonial used to pay DarkSide.

“Following the money remains one of the most basic, yet powerful tools we have,” Deputy Attorney General Lisa O. Monaco for the U.S. Department of Justice said in the release. “Ransom payments are the fuel that propels the digital extortion engine, and today’s announcement demonstrates that the United States will use all available tools to make these attacks more costly and less profitable for criminal enterprises. We will continue to target the entire ransomware ecosystem to disrupt and deter these attacks. Today’s announcements also demonstrate the value of early notification to law enforcement; we thank Colonial Pipeline for quickly notifying the FBI when they learned that they were targeted by DarkSide.”

ADVERTISEMENT

U.S. Energy Secretary Granholm, however, this week chastised the practice of paying ransom, arguing that it exacerbates the issue.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • George Doolittle on June 07 2021 said:
    "paid their own employees" is my understanding of what happened as the Company had to release a statement as to "why they had to turn the pipeline back on" and the statement certainly did not read "because the Federal Government told us to."

    The sooner the USA starts running NVA counter-insurgency operations across the entire State of Texas the better. Starting putting the word "Nation" in the term "National Interest."

    Nothing another F-35 boondoggle can't solve of course..

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News