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DoJ recovers 'majority' of ransom paid by Colonial Pipeline
Tuesday, June 8, 2021
Colonial Pipeline previously admitted it had paid hackers $4.4 million to regain access to its systems after consulting experts who have dealt with the DarkSide hacking group.
Ilia Kolochenko, founder of ImmuniWeb, and a member of Europol Data Protection Experts Network told IT Pro that the seizure sends a message that the DoJ now has tolerance-zero for ransomware gangs.
"The seizure continues the previously announced efforts to combat surging ransomware and is likely to be a first palpable step to deter cybercriminals. Importantly, the DoJ will certainly need more funding to gradually expand its cybercrime prosecution unit (CCIPS) and foster interagency collaboration," he said.
"Moreover, international cooperation is essential to curb surging ransomware attacks, including baseline cooperation with traditionally hostile jurisdictions. Otherwise, even though uncovered, the perpetrators will likely enjoy impunity due to missing extradition treaties with foreign jurisdictions." Read Full Article
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