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US recovers most of ransom paid after Colonial Pipeline hack

By AngryPatriot, 06/08/2021


Justice Dept.PNG

by Eric Tucker

WASHINGTON (AP) — The Justice Department has recovered most of a multi million-dollar ransom payment made to hackers after a cyber attack that caused the operator of the nation’s largest fuel pipeline to halt its operations last month, officials said Monday.
 

The operation to seize cryptocurrency paid to the Russia-based hacker group is the first of its kind to be undertaken by a specialized ransomware task force created by the Biden administration Justice Department. It reflects a rare victory in the fight against ransomware as U.S. officials scramble to confront a rapidly accelerating threat targeting critical industries around the world.
 

“By going after the entire ecosystem that fuels ransomware and digital extortion attacks — including criminal proceeds in the form of digital currency — we will continue to use all of our resources to increase the cost and consequences of ransomware and other cyber-based attacks,” Deputy Attorney General Lisa Monaco said at a news conference announcing the operation.
 

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US recovers most of ransom paid after Colonial Pipeline hack

 

 

 

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