Colonial Pipeline paid hackers a ransom of $4.4 million in bitcoin soon after discovering a cybersecurity hack on its systems that began on May 6.  The company’s acknowledgement comes after days of speculation about whether a ransom was paid to the hackers.  The company’s CEO defended the “difficult” decision to pay the ransom, maintaining he

President Joe Biden signed an Executive Order on Wednesday, May 12, 2021, on the heels of the cyber-attack against Colonial Pipeline Co., which suffered a major ransomware attack late last week that has caused supply chain issues in the Southeast. 

The Order is intended to show that the federal government is taking a leadership role