Colonial Pipeline Paid Hackers Nearly $5M in Ransom
bloomberg.com
Colonial Pipeline Paid Hackers Nearly $5M in Ransom
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Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#2“That if once you have paid him the Dane-geld, You never get rid of the Dane.”
It’s going to be a tough few years being in security in the industrial control field for the next few years.
https://www.poetryloverspage.com/poets/kipling/dane_geld.htm...
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#3Every corporation in the US should be lobbying to abolish Bitcoin. It’s an existential threat that could be eliminated if they pooled their financial and political resources.
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#4I had a feeling this was the case and even had a discussion with some colleagues about whether they paid up or not. Like the article says, they couldn't afford not to.
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#5Every corporation in the US should be lobbying to abolish Bitcoin. It’s an existential threat that could be eliminated if they pooled their financial and political resources.
Maybe we should abolish the USD so US patent trolls can't be paid?
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#6>The company paid the hefty ransom in untraceable cryptocurrency within hours after the attack
in Monero? Wonder how they converted USD.
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#7So they paid a penetration-testing firm a consultancy fee to help harden their network.
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#8Too many companies prefer to skimp on security since it has no apparent payoff until it's too late.
What I want to know are the circumstances of the hack; how did it work, what systems did it affect, what security were they lacking. Sadly these details are often ignored or hidden from view. Attacks of this kind should get a public report so that other companies can learn or at least be shamed into changing.
It seems like it's more important to cover up your inadequacy and not help the next victim.
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#9Paying ransom should be illegal.
Ransom funds illegal activities. Not indirectly, like buying coffee or poppyseed or whatever, but literally money that is directly reinvested in criminal activity- like ransomware.
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#10Every corporation in the US should be lobbying to abolish Bitcoin. It’s an existential threat that could be eliminated if they pooled their financial and political resources.
Isn't it better that these networks are getting hardened in exchange for a small cryptocurrency payment, instead of waiting for all the exploits to be used by an adversary in World War Three?