Colonial Pipeline hack: US says majority of ransom paid now recovered

Colonial Pipeline hack: US says majority of ransom paid now recovered

 

The US has recovered the majority of the $4.4 million in cryptocurrency ransom paid to the perpetrators of the cyber attack on Colonial Pipeline last month that temporarily halted fuel supplies across the US east coast, Deputy Attorney General Lisa Monaco said.

 

“Ransomware attacks are always unacceptable but when they target critical infrastructure we will spare no effort in our response;” Monaco told reporters on Monday.

 

Deputy FBI Director Paul Abbate said law enforcement identified a virtual wallet used in the ransom payment and then recovered the funds.

 

He said investigators have found more than 90 companies victimized by DarkSide, a Russia-linked cybercrime group blamed in the pipeline hack.

 

“Today we turned the tables on DarkSide,” Monaco said, as she called on companies to invest more; to protect their critical infrastructure and intellectual property.

 

“DarkSide and its affiliates have been digitally stalking US companies for the better part of last year.”

ALSO READ: Colonial Pipeline paid ransom to hackers who infiltrated its system

 

The ransomware attack in May caused fuel shortages at gasoline stations in several states; and even affected operations by some airlines and airports.

 

It was part of an increasing trend of such acts against critical infrastructure that is posing an early test of President Joe Biden’s administration.

 

Colonial Pipeline ended up paying DarkSide in order to help restore its operations.

 

US intelligence and law enforcement officials say stopping hacking attacks has become a national security priority; and the issue has raised tensions between the US and Russia.

 

Biden plans to bring up hacking attacks when he meets with Russian President Vladimir Putin next week, White House Press Secretary Jen Psaki said.

 

The message at the one-on-one meeting in Geneva on June 16 will be that; “responsible states do not harbor ransomware criminals; and responsible countries must take decisive action against those ransomware networks,” Psaki said.

 

Putin has denied knowing about or being involved in ransomware attacks.

 

Brazilian-based JBS SA, the world’s largest meat processor; restarted beef production last week after a ransomware attack forced it to halt operations across the globe.

 

About The Author

Osigweh Lilian Oluchi is a graduate of the University of Lagos where she obtained a B.A (Hons) in English, Masters in Public and International affairs (MPIA). Currently works with 1stnews as a Database Manager / Writer. [email protected]

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