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Should Paying Ransoms to Attackers Be Banned? Compliance Compliance Compliance DougOlenick) • May 24, 2021     Statement posted on CNA website after ransomware attack Insurance company CNA s apparent decision to pay attackers a $40 million ransom and Colonial Pipeline Co. s payment of a $4.4 million ransom are stirring debate over whether such payments should be banned under federal law. Bloomberg News reported Thursday that Chicago-based CNA had paid the hefty ransom (see: Insurer CNA Disconnects Systems After Cybersecurity Attack ). Meanwhile, Colonial Pipeline CEO Joseph Blount confirmed Wednesday that the company had paid a ransom on May 7 after discovering an attack using DarkSide ransomware that led the company to temporarily shut down its fuel pipeline serving the East Coast.

United statesPhil reitingerJoseph blountJim langevinTim wadeScott shackelfordMike hamiltonDebatedoug olenick dougolenickDepartment of homeland securityRecovery fundUs airCato networksGlobal cyber allianceInfrastructure security agencyIndiana university cybersecurity programNational security council