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Igwe Nnanna posted in the group Business
Colonial Pipeline paid nearly $5 million to Eastern European hackers on Friday after a crippling cyberattack that shut the largest fuel pipeline network in the United States, Bloomberg News reported, citing two people familiar with the transaction.The company paid the hefty ransom in untraceable cryptocurrency within hours after the attack, according to the report.
Colonial Pipeline did not immediately respond to a Reuters request for comment.
The hackers provided the pipeline operator with a decrypting tool to restore its disabled computer network after they received the payment, but the company used its own backups to help restore the system since the tool was slow, Bloomberg News reported.
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About me
Igwe Nnanna Otu
Founder of AfriWallStreet
My name is Igwe Nnanna Otu, the founder of AfriWallStreet. I’m a serial entrepreneur supporting, working alongside, and advocating for younger professionals in different fields.
Having gained experience in the construction sector, oil and gas sector, renewable energy research, and currently working in the banking sector, and building my media and social network platform, I can only say thank you to everyone who gave me the opportunity to contribute to their organization and am ever ready to take up new challenges in this diversified world.
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