Russia Nabs Colonial Pipeline Hacker In Raids On Ransomware Ring, U.S. Says

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Middle East
  • Date: 15-Jan-2022
  • Source: Forbes
  • Sector: Economy
  • Country: Middle East
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Russia Nabs Colonial Pipeline Hacker In Raids On Ransomware Ring, U.S. Says

Share to Linkedin Russia's Federal Security Service (FSB) arrested a hacker believed to be responsible for a May cyberattack on the Colonial Pipeline, a fuel pipeline running from Texas to New York, the Biden administration confirmed Friday. Fuel tanks are seen at Colonial Pipeline's Linden Junction Tank Farm on May 10, 2021 in Woodbridge, ... [+] New Jersey. The FSB raided the homes of 14 people, seized millions of dollars and detained an unspecified number of people connected to REvil, a Russia-based ransomware operation, CNN reported. Russian authorities said that the people apprehended in the raids would be prosecuted, CNN reported. The arrests came after months of talks between the Biden Administration and Russian officials, and were the result of what the FSB called "the appeal of competent U. S. authorities," Politico reported. Ransomware attacks have become an increasingly urgent problem for businesses, with up to 1, 500 around the world targeted by the REvil ransomware group alone, CNN reported. On May 7, the Colonial Pipeline was shut down to contain the effects of a ransomware attack by a hacker group calling itself DarkSide. Colonial Pipeline paid the hackers about $4. 4 million in bitcoin, of which about $2. 3…

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