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Shortly before 5 a.m. on May 7, an employee in Colonial’s control room saw a ransom note demanding cryptocurrency, prompting a shutdown of the pipeline that 45 percent of the East Coast relies ...

Colonial Pipeline paid nearly $5 million (about £3.55 million) ransom to Eastern European hackers last Friday, after a cyber attack forced the shutdown of its major pipeline supplying fuel to the ...

The Darkside ransomware gang provided Colonial Pipeline with a decryption tool following its ransom payment, but the process was so slow that Colonial continued using its own backups for restoration.

Colonial’s CEO admitted last month the company had paid a ransom in cryptocurrency – estimated at US$ 4.4 million at the time – and argued: “it was the right thing to do for the country.” ...

The equity investment in the oil-pipeline firm will be around $500 million. The agreement includes buying Shell’s 16.125% ...

Colonial Pipeline CEO Joseph Blount says he paid a $4.4 million ransom because it was in the best interests of the country, because it helped get the pipeline back online. Of course, the next CEO ...

The Justice Department seized more than $2.3 million worth of cryptocurrency that was used as a ransom payment to hackers who targeted the Colonial Pipeline in a cyber attack last month. The ...

During an interview with the Wall Street Journal last month, Colonial Pipeline’s Chief Executive Joseph Blount said he knew the decision to pay $4.4 million in ransom to the Russian hacking ...