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Wed May 12, 2021, 03:27 PM

Colonial Pipeline said to have no plan pay hackers ransom [View all]

Source: Washington Post

Colonial Pipeline has no plan at this point to pay a ransom to decrypt data files, said two people familiar with the matter. Rather, they are working with the cybersecurity firm Mandiant to restore the data from backup systems where possible and rebuild systems where backups are unavailable, said the people, who spoke on the condition of anonymity because the matter is still under investigation.

Colonial had no comment. A spokeswoman for Mandiant, which is a division of the cyber firm FireEye, also declined to comment.

The hackers, a criminal group thought to operate mostly out of Russia, also appeared to be readying to extort Colonial by stealing data that it could later threaten to release unless a fee were paid. But Mandiant quickly traced the stolen data to a server owned by a New York hosting firm, which over the weekend shut the server down, preventing any data to flow to the hackers, according to several people familiar with the matter.

With that extortion avenue sealed off and with Mandiant helping to restore data and rebuild systems, “there’s no reason to make the payment,” one of the people said. DarkSide ransom demands can range from $500,000 to more than $5 million, according to Mandiant.

Read more: https://www.washingtonpost.com/business/2021/05/12/gas-shortage-colonial-pipeline-live-updates/#link-NFBKS44NJRCGDNDBIMOLJJMK2Q

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