US seizes ransom paid to Colonial Pipeline hackers

Washington: The US government has seized millions of dollars in a cryptocurrency payment made to hackers after a cyberattack that caused the operator of the nation’s largest fuel pipeline to halt its operations last month, a law enforcement official said.

FBI and Justice Department officials were to disclose the operation at a news conference later Monday (Tuesday AEST). The official was not authorised to discuss the news ahead of the news conference and spoke on condition of anonymity.

A Colonial Pipeline facility in Alabama.Credit:Bloomberg

Georgia-based Colonial Pipeline, which supplies roughly half the fuel consumed on the East Coast, temporarily shut down its operations on May 7 after a gang of criminal hackers known as DarkSide broke into its computer system.

Colonial officials have said they took their pipeline system offline before the attack could spread to its operating system, and decided to pay a roughly $US4.4 million ($5.6 million) ransom in an effort to bring itself back online as soon as it could.

The FBI generally discourages the payment of ransom, fearing it could encourage additional hacks.

AP

Most Viewed in World

Source: Read Full Article