Colonial Pipeline paid close to $5 million in ransomware blackmail payment

Colonial Pipeline reportedly paid the ransomware group responsible for a cyberattack last week close to $5 million to decrypt locked systems.

On Thursday, Bloomberg reported that two people close to the matter said a blackmail demand was agreed to within hours of the cyberattack that has impacted the fuel giant’s systems for close to a week.

On May 7, Colonial Pipeline experienced a ransomware attack which forced the company to temporarily close down its operations and freeze IT systems to isolate the infection.

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Source: ZDNet