Report: Colonial Pipeline Paid Nearly $5 Million Ransom to Hackers

Colonial Pipeline Co. paid hackers nearly $5 million to free their computer network Friday, despite claims they had no intention of doing so.

Bloomberg News reported that the company paid the ransom in untraceable cryptocurrency and received a decrypting tool to restore their computer network, according to “two people familiar with the transaction.” Though the company received a decrypting tool, it ran very slowly according to the report.

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