Home / Business / Colonial Pipeline CEO Joseph Blount will deal with ransomware attacks during Senate hearings.

Colonial Pipeline CEO Joseph Blount will deal with ransomware attacks during Senate hearings.



In his first speech to Congress since the breach He has let his company fall prey to forces beyond control, noting that “criminal extortion is not a position any company wants to be in.” He defended the decision to close access to the pipeline. as well as his controversial decision to pay a 75 bitcoin ransom, or about $4.3 million. to the Russian criminal group known as DarkSide.


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