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Colonial Pipeline’s CEO, Joseph Blount, confirmed that the company paid $4.4 million to ransomware attackers, with executive uncertainty surrounding the severity of the cyberattack’s impact on the firm’s systems and the duration in which the pipeline would remain shutdown influencing the decision.
“I know that’s a highly controversial decision,” Blount told the Wall Street Journal in a May 19 statement. “I didn’t make it lightly. I will admit that I wasn’t comfortable seeing money go out the door to people like this.”
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