Colonial Pipeline Paid $5 Million Ransom After Hack

·1-min read
Colonial Pipeline Paid $5 Million Ransom After Hack

The company that operates a key transmission pipeline that delivers gasoline and jet fuel to East Coast markets paid $5 million to hackers to regain control of its systems. Colonial Pipeline had initially said it had no intention of paying the ransom demanded by hackers who disabled its computer networks and shut down the pipeline. The pipeline shutdown has led to fuel shortages and lines at gas stations from Texas to New Jersey, and caused American Airlines Group to add fuel stops to some of its Charlotte flights.

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