U.S. recovers $2.3 million in ransom paid to Colonial Pipeline hackers

Justice Department officials said the FBI was able to track and recover 63.7 bitcoins, currently valued at about $2.3 million. The operation marks a rare ransom recovery for the critical infrastructure company that fell victim to the devastating cyberattack, as the “ransomware-as-a-service” business model booms. It marks the first recovery by the department’s new Ransomware Task Force.
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U.S. pipelines will soon be required to increase cybersecurity after Colonial Pipeline hack

The Transportation Security Administration directive being issued Thursday will also mandate that the owners and operators of the nation’s pipelines report any cyber incidents to the federal government and have a cybersecurity coordinator available at all times to work with authorities in the event of an attack like the one that shut down Colonial Pipeline.
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Big Tech and Government Agencies Collaborate To Put an End to Ransomware Payments

A “Ransomware Task Force” initiative led by the U.S. Department of Justice is including a broad coalition of big tech firms in an effort to put an end to ransomware payments. The project, which also includes Europol and the UK National Crime Agency, proposes designating “digital extortion” as a national security threat and elevating ransomware as a priority item for intelligence agencies.
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