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Paying cyber-ransoms spotlights ethical and legal concerns By Michael Riley and Kartikay Mehrotra / Bloomberg The US government’s fight to choke off ransom payments collected by hackers hit a major snag on Thursday last week, following news that Colonial Pipeline paid a hefty sum to hackers who for several days last week effectively shut down the country’s largest fuel pipeline and created gas shortages along the US east coast. The decision went against FBI and the US Department of the Treasury warnings that such payouts would only spread pain down the line by encouraging more hacking, raising questions around the ethics of paying the ransoms. ....
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