{"id":114270,"date":"2021-05-14T09:05:43","date_gmt":"2021-05-14T09:05:43","guid":{"rendered":"https:\/\/fin2me.com\/?p=114270"},"modified":"2021-05-14T09:05:43","modified_gmt":"2021-05-14T09:05:43","slug":"pelosi-says-colonial-pipeline-other-firms-shouldnt-pay-ransom-to-hackers","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/pelosi-says-colonial-pipeline-other-firms-shouldnt-pay-ransom-to-hackers\/","title":{"rendered":"Pelosi says Colonial Pipeline, other firms shouldn't pay ransom to hackers"},"content":{"rendered":"

Biden on being briefed on Colonial Pipeline ransom: ‘No comment’ <\/h2>\n

President Biden is asked a question regarding whether or not he was briefed on Colonial Pipeline paying hackers a ransom. <\/p>\n

House Speaker Nancy Pelosi, D-Calif., said Thursday that companies impacted by ransomware attacks should not pay money to hackers, following reports Colonial Pipeline made a payment to regain access to some of its systems.<\/p>\n

Colonial Pipeline resumed operations Wednesday evening after shutting down for several days to address the system breach. When asked about the incident, Pelosi asserted that ransom payments would set a dangerous precedent amid a rise in cybersecurity incidents.<\/p>\n

"The point is that we don’t want people to think that there’s money in it for them to threaten the security of critical infrastructure in our country," Pelosi said. <\/p>\n

Colonial Pipeline officials have yet to publicly address whether the company made ransom payments to the hackers. Bloomberg reported that Colonial paid nearly $5 million in cryptocurrency shortly after the hack occurred.<\/p>\n

WHITE HOUSE DETAILS ‘COMPREHENSIVE’ COLONIAL PIPELINE RESPONSE<\/u><\/strong><\/p>\n

<\/p>\n

Biden addresses Colonial Pipeline attack<\/h2>\n

President Biden address the Colonial Pipeline cyberattack and gas supply concerns.<\/p>\n

The company noted that it would take several days to return to normal operations following the restart. The incident triggered instances of panic-buying throughout the southeast. The pipeline supplies nearly half of the eastern seaboard’s fuel supply.<\/p>\n

The FBI attributed the ransomware attack to a hacking group called DarkSide. <\/p>\n

Pelosi suggested that lawmakers should seek to address hacks such as the Colonial Pipeline with legislation, given the potential impact to national security and the economy. <\/p>\n

CLICK HERE TO READ MORE ON FOX BUSINESS<\/u><\/strong><\/p>\n

"This cannot be open season for hackers who can make money off a threat, even if they don’t go as far as crippling the entity, as with Colonial, they did not," Pelosi said. "It has to be subject to review. I don’t know what the conversations were with the management of Colonial, but I do think there is a governance role with how we protect our people and our economy from these hackers."<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Biden on being briefed on Colonial Pipeline ransom: ‘No comment’ President Biden is asked a question regarding whether or not he was briefed on Colonial […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"\nPelosi says Colonial Pipeline, other firms shouldn't pay ransom to hackers - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/politics\/pelosi-says-colonial-pipeline-other-firms-shouldnt-pay-ransom-to-hackers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pelosi says Colonial Pipeline, other firms shouldn't pay ransom to hackers - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Biden on being briefed on Colonial Pipeline ransom: ‘No comment’ President Biden is asked a question regarding whether or not he was briefed on Colonial [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/politics\/pelosi-says-colonial-pipeline-other-firms-shouldnt-pay-ransom-to-hackers\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-14T09:05:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/105317719-1531134164137rts1vwr4.1910x1000.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1910\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/politics\/pelosi-says-colonial-pipeline-other-firms-shouldnt-pay-ransom-to-hackers\/\",\"url\":\"https:\/\/fin2me.com\/politics\/pelosi-says-colonial-pipeline-other-firms-shouldnt-pay-ransom-to-hackers\/\",\"name\":\"Pelosi says Colonial Pipeline, other firms shouldn't pay ransom to hackers - 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