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U.S. recovers majority of ransom payment made after pipeline hack

  • ASSOCIATED PRESS
                                The entrance of Colonial Pipeline Company, seen May 12, in Charlotte, N.C. The U.S. 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 today.

    ASSOCIATED PRESS

    The entrance of Colonial Pipeline Company, seen May 12, in Charlotte, N.C. The U.S. 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 today.

WASHINGTON >> The Justice Department has recovered the majority of a multimillion-dollar ransom payment to hackers after a cyberattack that caused the operator of the nation’s largest fuel pipeline to halt its operations last month, officials said today.

The operation to recover the cryptocurrency from the Russia-based hacker group is believed to be the first of its kind, and reflects what U.S. officials say is an increasingly aggressive approach to deal with a ransomware threat that in the last month has targeted critical industries around the world.

“By going after an entire ecosystem that fuels ransomware and digital currency, we will continue to use all of our tools and all of our resources to increase the costs and the consequences of ransomware attacks and other cyber-enabled attacks,” Deputy Attorney General Lisa Monaco said at a news conference announcing the operation.

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 $4.4 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.

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