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Ransomware is a national security threat and a big business — and it's wreaking havoc

The attack that led Colonial Pipeline to shut down its 5,500-mile pipeline, causing fuel shortages throughout the southeastern U.S., underscored that the ballooning ransomware wave isn t just about money. Targeting the private businesses that run much of the economy also threatens national security. ....

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Ransomware wreaking havoc worldwide – quietly


Ransomware wreaking havoc worldwide – quietly
The attack on Colonial Pipeline last week underscored that what s now a big business is also a national security threat.
By Ellen Nakashima and Rachel LermanThe Washington Post
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The hacker ring’s ransom note appeared on the company’s computer screens this past Monday. “Your computers and servers are encrypted, backups are deleted,” it said. “We use strong encryption algorithms, so you cannot decrypt your data.”
But, the extortionists said, “you can restore everything by purchasing a special program from us – universal decryptor.” This program, the message said, “will restore all your network.”
The price: $1.2 million. ....

New York , United States , United Kingdom , Palo Alto , White House , District Of Columbia , San Francisco , South Carolina , John Bennett , Austin Berglas , Allan Liska , Joshua Motta , Adam Lantrip , Nancy Pelosi , Los Angeles , Kroll Bennett , Michael Phillips , Michael Daniel , Coalition Inc , Ransomware Task , Palo Alto Networks , Exchange Commission Office Of Internet Enforcement , Justice Department , Cyber Threat Alliance , Treasury Department , Washington Post ,