Why Are Hacked Companies Still Paying Ransoms?

This week, Congress summoned the CEO of Colonial Pipeline to a hearing to answer questions from lawmakers regarding last month’s hacking attack that affected the fuel supply chain in the East Coast of the United States.

Among the matters that were discussed was the $4.4 million payout that was netted by Russia’s DarkSide Ransomware Gang, the group that carried out the attack, supposedly without the consent of the Kremlin.

Some lawmakers and government officials were incensed by the decision to pay the hackers, behavior that many reason will only encourage future attacks against critical infrastructure. In fact, paying ransoms in many cases in not only discouraged, but it can also actually lead to the sanctioning of officials acting of behalf of the victimized companies, in addition to civil penalties.

Read more at Newsmax© 2021 Newsmax. All rights reserved.

There is no custom code to display.