According to a report from The Wall Street Journal on Wednesday, the head of the US company said that after the cyber attack, Colonial Pipeline paid hackers a ransom of US$4.4 million (approximately Rs 32.19 crore) because it was “the right thing to do for the country. thing”.
Joseph Blount told the newspaper that he admitted that the payment was a “very controversial decision,” but given the adverse effects of the multi-day suspension of work on the United States, it was a necessary action.
Blunt told the publication: “I admit that I feel uncomfortable to see such people flowing money.” “But this is the right thing to do for the country.”
His remarks constituted the company’s first public acknowledgment of the ransom.
Colonial announced last Thursday that it has resumed operations and restored fuel supply to all markets after completing the closure of its production line on May 7 after the cyber attack.
The closure of the pipeline led to panic purchases in the eastern US market, and gasoline prices soared as Washington abandoned clean air regulations and rules on transportation and trucking to ease shortages.
Last Friday, unknown actors shut down the servers of Darkside, a Russian-based cyber blackmailer who is behind the ransomware scam.
After paying the ransom on the evening of May 7, Colonial Pipeline received the hacker’s decryption tool. The Wall Street Journal quoted a person familiar with the matter as saying that the ransom was paid in Bitcoin (the price in India).
Bronte told the newspaper that although the flow of the pipeline has returned to normal, this incident will cost the colony tens of millions of dollars to fully resume operations within a few months.
(This story was not edited by NDTV staff, but was automatically generated from a syndicated feed.)