Ransomware attacks: How should the U.S. respond?
Ransomware attacks are increasingly targeting companies’ computer systems, demanding money in exchange for returning access and data.
Last month, hackers breached Colonial Pipeline — which supplies 100 million gallons of fuel daily along a 5,500-mile pipeline — and gained access to its business networks. In response, Colonial shut down pipeline operations, which led to nearly a week of widespread fuel shortages along the East Coast.
The CEO of Colonial Pipeline testified before a Senate committee last week, explaining his decision to pay a multimillion-dollar ransom to regain access: “I made the decision...