Colonial Pipeline Pays 75 Bitcoin In Hack

0
37



Colonial Pipeline has paid 75 BTC (around $5 million at the time of writing) to recover data stolen in a ransomware attack committed by hacker group DarkSide, reported Bloomberg.

Colonial is the largest pipeline system for refined oil products in the U.S. The system runs from Texas to New Jersey and spans 5,500 miles, transporting around 45% of fuel consumed on the East Coast. However, the ransomware attack forced the company to shut down the entire pipeline, halting its distribution services to many U.S. states and triggering gas price rises across the country.

Ransomware is a type of computer malware that hijacks the victim’s data, locks them up and demands a ransom payment to restore them. The hackers behind the attacks typically lock the victims’ files using robust encryption methods, in some cases making data retrieval by anyone other than the hackers themselves unfeasible.

If the victim decides to pay the ransom and it is to be in bitcoin, which the Federal Bureau of Investigation (FBI) discourages, they have to purchase the amount of bitcoin required, send it to the attackers, await payment confirmation and hope for the release of their data.

Bitcoin is occasionally used for ransom payments due to its permissionless digital nature. As no government can control, stop or regulate bitcoin transactions, hackers opt to use the cryptocurrency instead of the highly-regulated traditional banking system. In addition, it is impossible to revert the bitcoin ransom payment transaction after it’s sent, and the attackers can verify its arrival trustlessly.


Dieser Beitrag ist ein öffentlicher RSS Feed. Sie finden den Original Post unter folgender
Quelle (Website) .

Krypto-Nachrichten ist ein RSS-Nachrichtendienst und distanziert sich vor Falschmeldungen oder Irreführung. Unser Nachrichtenportal soll lediglich zum Informationsaustausch genutzt werden.

Werbebanner

HINTERLASSEN SIE EINE ANTWORT

Please enter your comment!
Please enter your name here