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Cryptocurrency platform Poly Network was hit with a major attack last week which saw hackers make off with more than $600 million worth of tokens.
This Week: On Sunday, the world's largest meat processor, JBS, underwent a cyberattack that shut down facilities across the nation. At present, the FBI is investigating as many as 100 different types of ransomware as U.S. corporations continue to suffer attacks. Morgan Wright, Chief Security Advi
Colonial Pipeline CEO Explains Why He Made Ransomware Hackers Rich 20 May 2021 The CEO of Colonial Pipeline, Joseph Blount, has attempted to explain why he chose to pay a $4.4 million ransom to hackers that took the pipeline’s system hostage. According to one expert, the Colonial Pipeline payoff will “help keep United States critical infrastructure providers in the crosshairs.” The Wall Street Journalreports that the CEO of the Colonial Pipeline, Joseph Blount, recently explained why he chose to pay hackers a $4.4 million ransom in order to regain access to the pipeline’s systems....
A recent report from Wired reveals that a week after a ransomware attack shut down Colonial Pipeline halting fuel distribution on the East Coast, the company paid a reported $5 million dollar ransom to regain control of their systems and resume operations. The payoff may lead to future ransomware attacks, as one expert notes: "Unfortunately, it’ll help keep United States critical infrastructure providers in the crosshairs. If a sector proves to be profitable, they’ll keep on hitting it.”
GasBuddy, an app that helps users to find the best availability and prices on fuel, has topped Apple's App Store this week amidst the gas shortage caused by the recent ransomware cyberattack on the Colonial Pipeline. The app has proved so popular that its servers have experienced outages this week.