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Respected Contributor
Posts: 4,684
Registered: ‎03-10-2010

Feds recover millions in ransom for Colonial Pipeline

Per Washington Post, etc:  Feds recovered 4.4 million ransom in crypto currency.  Hopefully this slows down this type of terrorism.

Honored Contributor
Posts: 49,900
Registered: ‎03-10-2010

Re: Feds recover millions in ransom for Colonial Pipeline

@patbz   There's probably a dark, intriguing undercover movie in this story.  I'd like to know how they did it. I credit James Bond. That's great.  We need to end this nonsense. 

New Mexico☀️Land Of Enchantment
Esteemed Contributor
Posts: 7,363
Registered: ‎02-19-2014

Re: Feds recover millions in ransom for Colonial Pipeline

Of course they did. That is awesome.

 

Pretty funny to consider all the financial transactions criminals have been making using crypto currency, imagining they couldn't be traced. Makes me smile. Now to roll them all up!

When you’re accustomed to privilege, equality feels like oppression.
"Power without love is reckless and abusive, and love without power is sentimental and anemic." - Dr. Martin Luther King Jr
Respected Contributor
Posts: 2,044
Registered: ‎10-11-2017

Re: Feds recover millions in ransom for Colonial Pipeline

I guess I'm a dummy, but I don't understand crypto currency. I still use the green foldable stuff for almost everything.

Esteemed Contributor
Posts: 7,845
Registered: ‎05-19-2012

Re: Feds recover millions in ransom for Colonial Pipeline

Patbz,

 

Hurrah!  I hope our guys wash out this scourge.

Respected Contributor
Posts: 3,466
Registered: ‎10-04-2015

Re: Feds recover millions in ransom for Colonial Pipeline

Colonial Pipeline CEO payed $4.4 million in ransom.

 

Justice Department said it seized $2.3 million in cryptocurrency of the ransom paid to hackers who shut down Colonial Pipeline’s computer systems.

Respected Contributor
Posts: 4,331
Registered: ‎03-09-2010

Re: Feds recover millions in ransom for Colonial Pipeline

Anyone else but me think this will embolden them with a more serious hack until they do get paid?

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Posts: 21,519
Registered: ‎03-09-2010

Re: Feds recover millions in ransom for Colonial Pipeline


@Snowpuppy wrote:

Anyone else but me think this will embolden them with a more serious hack until they do get paid?


@Snowpuppy, it's a toss up either way. Getting paid emboldens them.

 

There is some talk of mandating companies not to pay.


~Who in the world am I? Ah, that's the great puzzle~ Lewis Carroll, Alice in Wonderland
Respected Contributor
Posts: 4,331
Registered: ‎03-09-2010

Re: Feds recover millions in ransom for Colonial Pipeline


@suzyQ3 wrote:

@Snowpuppy wrote:

Anyone else but me think this will embolden them with a more serious hack until they do get paid?


@Snowpuppy, it's a toss up either way. Getting paid emboldens them.

 

There is some talk of mandating companies not to pay.


My understanding of ransomware is the target is pretty much at the mercy of the attacker. Seems no one has been able to break a ransomware hack.

 

So say they hack the grid? We're not gonna pay up?

Honored Contributor
Posts: 21,519
Registered: ‎03-09-2010

Re: Feds recover millions in ransom for Colonial Pipeline


@Snowpuppy wrote:

@suzyQ3 wrote:

@Snowpuppy wrote:

Anyone else but me think this will embolden them with a more serious hack until they do get paid?


@Snowpuppy, it's a toss up either way. Getting paid emboldens them.

 

There is some talk of mandating companies not to pay.


My understanding of ransomware is the target is pretty much at the mercy of the attacker. Seems no one has been able to break a ransomware hack.

 

So say they hack the grid? We're not gonna pay up?


That's the million-dollar question, isn't it? @Snowpuppy 


~Who in the world am I? Ah, that's the great puzzle~ Lewis Carroll, Alice in Wonderland