U.S. Seizes $6.1 Million in Cryptocurrency in Ransomware Crackdown
The Justice Department’s seizure of $6.1 million in funds tied to alleged ransom payments, announced alongside fresh sanctions against a cryptocurrency exchange and arrests of…
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Pipeline Transportation
Congress Inches Toward Response to Ransomware Attacks
CONGRESS, FEDS MAKE MOVES ON RANSOMWARE ATTACKS, but a clear fix for the expensive cybercrime epidemic is far from clear. The Senate Homeland Security Committee took a step forward on…
NSA Chief Says Ransomware Threat to Remain for Years
Ransomware is likely to remain a threat to U.S. economic and national security for years to come, the country’s top military cyber official said Tuesday.…
China Compromised U.S. Pipelines in Decade-Old Cyberattack, U.S. Says
WASHINGTON—Hackers working for the Chinese government compromised more than a dozen U.S. pipeline operators nearly a decade ago, the Biden administration revealed Tuesday while also issuing…
Cyberattacks and Ransomware: How Can We Protect Our Energy Infrastructure?
A ransomware attack forced the largest U.S. fuel pipeline to shut down for six days in May and led to gasoline shortages across several Southeastern states. In its wake, U.S.…
Letting Businesses ‘Hack Back’ Against Hackers Is a Terrible Idea, Cyber Veterans Say
Companies shouldn’t be allowed to strike back against hackers, cybersecurity specialists and former government officials warned, after senators last week introduced legislation floating the…
White House Sees Electric Grid as Blueprint for Post-Colonial Pipeline Cyber Push
Electric utilities serving about 56 million U.S. customers have either installed tools to better spot cyberattacks or have pledged to do so, a White House official said Tuesday,…
How the FBI Got Colonial Pipeline’s Ransom Money Back
After Colonial Pipeline Co. on May 8 paid roughly $4.4 million in cryptocurrency to hackers holding its computer systems hostage, the Federal Bureau of Investigation followed the digital…
U.S. Looks Into Cryptocurrency’s Role in Ransomware Hacks
The Biden administration is examining cryptocurrency’s role in recent hacks that have disrupted important U.S. industries including healthcare, fuel and food, exploring new ways to track…
Colonial Pipeline Missed Requested Security Review Before Hack
Colonial Pipeline Co. last year didn’t undergo a requested federal security review of its facilities and was in the process of scheduling a separate audit of its computer networks when…