{"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":"
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 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>\nBiden addresses Colonial Pipeline attack<\/h2>\n