Links

Columnists



Site Search


Entire (RSS)
Comments (RSS)

Archive Calendar

June 2021
S M T W T F S
 12345
6789101112
13141516171819
20212223242526
27282930  

Guides

How to Become a Bounty Hunter



Tag: Colonial Pipeline

DOJ Recovers $2.3M Worth of Cryptocurrency Paid in Ransom in Pipeline Hack

By Steve Neavling

The Justice Department seized more than $2.3 million worth of cryptocurrency that was used as a ransom payment to hackers who targeted the Colonial Pipeline in a cyber attack last month. 

The ransomeware attack forced the nation’s largest pipeline to shut down its operations on May 7. 

Pipeline officials paid a hacker group known as DarkSide nearly 64 bitcoins in ransom. 

The DOJ’s newly created Ransomware and Digital Extortion Task Force  recovered the cryptocurrency, a rare feat. 

“Following the money remains one of the most basic, yet powerful tools we have,” Deputy Attorney General Lisa O. Monaco said in a statement. “Ransom payments are the fuel that propels the digital extortion engine, and today’s announcement demonstrates that the United States will use all available tools to make these attacks more costly and less profitable for criminal enterprises. We will continue to target the entire ransomware ecosystem to disrupt and deter these attacks. Today’s announcements also demonstrate the value of early notification to law enforcement; we thank Colonial Pipeline for quickly notifying the FBI when they learned that they were targeted by DarkSide.”

The task force managed to identify a virtual currency wallet used by the hackers and obtained a “private key” for the specific address. 

“There is no place beyond the reach of the FBI to conceal illicit funds that will prevent us from imposing risk and consequences upon malicious cyber actors,” FBI Deputy Director Paul Abbate said. “We will continue to use all of our available resources and leverage our domestic and international partnerships to disrupt ransomware attacks and protect our private sector partners and the American public.” 

TSA Not Adequately Staffed to Handle Pipeline Security, Critics Say After Ransomeware Attack

In the aftermath of the ransomeware attack on the Colonial Pipeline, critics say the Transportation Security Administration is not adequately staffed to protect the 2.7 million miles of pipeline in the U.S. 

The TSA has nearly 50,000 officers devoted to airports, but only 34 staff positions to oversee pipelines and cybersecurity, ABC News reports. 

“I don’t think they have really the personnel or the expertise to do the job right now,” Rep. Jim Langevin, D-R.I., told ABC News. “We absolutely need more oversight on pipeline security and other areas of critical infrastructure.”

Kiersten Todt, managing director of the Cyber Readiness Institute, went even further. 

“I don’t think that TSA should be responsible for the cybersecurity of the pipelines,” she told ABC News.

For now, House Homeland Security Committee Ranking Member John Katko said the TSA should continue overseeing pipeline security. 

“Right now, we need to focus on building existing capabilities and resources while ensuring federal roles and responsibilities are clear,” Katko said in a statement.