Are Bitcoin’s Days as the Ransomware Payment of Choice Numbered?
6/11/21
By: Alexia Roney On May 7, 2021, the CEO of Colonial Pipeline found himself in a position far too common for American companies: a cyberattack had crippled his company’s IT system and shuttered his business until a ransom was paid. As gas shortages rippled across the Southeast, the CEO paid $4.4 million in Bitcoin to…
Executive Order on Improving the Nation’s Cybersecurity issued following Colonial Pipeline Ransomware Attack
5/21/21
By: Caitlin Tubbesing On the heels of the May 7th ransomware attack on Colonial Pipeline—resulting in a temporary shutdown of its 5,5000 mile pipeline system carrying 45% of the East Coast’s fuel supply— President Biden issued an Executive Order aimed at modernizing and improving the country’s defenses against these ever-increasing and malicious cyberattacks. The Order…
