top of page
computer repair in Myrtle beach | coastal-connection.net

Coastal Connection

  COMPUTER SUPPORT  

Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom

Clifford Butler

Network Security Assessment - Network Security Protection



Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two people familiar with the transaction.

The company paid the hefty ransom in difficult-to-trace cryptocurrency within hours after the attack, underscoring the immense pressure faced by the Georgia-based operator to get gasoline and jet fuel flowing again to major cities along the Eastern Seaboard. Once they received the payment, the hackers provided the operator with a decrypting tool to restore its disabled computer network. The tool was so slow that the company continued using its own backups to help restore the system, one of the people familiar with the company’s efforts said.


Why has it Become Essential for an Organization to Protect the Data?

Cybersecurity threats pose the same threats to small companies as to large ones. Due to the automated nature of attacks, they can target hundreds of small businesses at once. A growing number of cybercrimes are costing the global economy over $1 trillion, just over 1% of global GDP. These Cyber-attacks not only impact the businesses’ reputation but also impacts the finances, operations, valuation, and staff.

Around 4,000 plus ransomware attacks occur on a daily basis since January 1, 2016, according to the FBI. Using antimalware software alone isn’t enough to thwart threats.

A network security assessment focuses on examining the security aspect of a network. It is an audit or examination of a network to find its weaknesses or vulnerabilities.


Protect Your Network, Protect Your Data, waiting until there's an attack is too late.


www.coastal-connection.net network security assessment

Recent Posts

See All

Comments


ABOUT US

With our affordable pricing and many flexible options, we can help you find a plan that suits both your budget and schedule, and have you online within minutes… securely. Let

Coastal-Connection provide you with support that you cannot afford to go without!

Nationwide Managed Services and Remote Support

 

Local:

Myrtle Beach - Conway - Murrells Inlet - Surfside

Loris - N. Myrtle Beach - Garden City

CONTACT

     843-267-9727

    Myrtle Beach, SC USA

  • Facebook
  • Twitter
  • YouTube
  • Instagram

Website designed by SMJ Designs

bottom of page