Colonial Pipeline CEO to face questions from Congress on $4.4 million ransom payment
After Colonial Pipeline CEO Joseph Blount confirmed Wednesday that his company had paid hackers $4.4 million to recover its data, lawmakers said they would press Blount for more information at a congressional hearing next month. “I’ll have some questions about Blount’s judgement when he appears before [the committee] in a couple weeks,” tweeted Rep. Jim Langevin, D-RI., an influential member of the House Homeland Security Committee. The FBI has advised companies for years not to pay a ransom, and cybersecurity experts warn that doing so fuels yet more ransomware hacks that have already cost U.S. companies hundreds of millions of dollars.But the breach of Colonial Pipeline’s IT systems, which caused a multi-day shutdown of the pipeline system and indirectly resulted in shortages at gas stations in multiple states, has thrust the issue of ransomware payments into the national limelight. Blount defended the decision in an interview with The Wall Street […]
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