Ransomware: US recovers hundreds of thousands in cryptocurrency paid to Colonial Pipeline hackers

The Justice Division on Monday is predicted to announce particulars of the operation led by the FBI with the cooperation of the Colonial Pipeline operator, the folks briefed on the matter mentioned.

The ransom restoration is a uncommon final result for an organization that has fallen sufferer to a debilitating cyberattack within the booming felony enterprise of ransomware.

Colonial Pipeline Co. CEO Joseph Blount informed The Wall Road Journal In an interview revealed final month that the corporate complied with the $4.4 million ransom demand as a result of officers did not know the extent of the intrusion by hackers and the way lengthy it could take to revive operations.

However behind the scenes, the corporate had taken early steps to inform the FBI and adopted directions that helped investigators monitor the fee to a cryptocurrency pockets utilized by the hackers, believed to be based mostly in Russia. US officers have linked the Colonial assault to a felony hacking group often known as Darkside that’s mentioned to share its malware instruments with different felony hackers.

A spokesman for the Justice Division declined to remark.

This story is breaking and shall be up to date.

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