The Colonial Pipeline Houston Station, part of the oil pipeline that was shut down by a ransomware attack FRANCOIS PICARD/AFP via Getty Images
On 7 May, hackers forced a major oil pipeline in the US to shut and prompted US president Joe Biden to declare a state of emergency. Within hours of the hack, which started the day earlier, Colonial Pipeline Company paid a ransom of 75 bitcoin – worth $4.4 million at the time – to recover the data being held hostage.
According to the US Federal Bureau of Investigation, the , a criminal group that…
