Colonial Pipeline CEO defends paying nearly $5 million to Russian hackers

FAN Editor 3 years ago

Colonial Pipeline CEO defends paying nearly $5 million to Russian hackers – CBS News

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Colonial Pipeline CEO Joseph Blount defended his company’s handling of a cyberattack that took down one of the nation’s largest fuel pipelines last month, including its decision to pay nearly $5 million in ransom to a Russia-based hacking group. CBS News’ Debra Alfarone has the details. Then, CBS News homeland security and justice reporter Nicole Sganga joins CBSN’s “Red & Blue” anchor Elaine Quijano with more on how Colonial Pipeline fell victim to the hack and the White House’s response to increased pressure to strengthen cyber defenses.

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