Wray: FBI frowns on ransomware payments despite recent trend

Some recent major corporate targets have responded by paying the ransom, fearing that a prolonged shutdown of their businesses could have catastrophic consequences for the country and disrupt crucial supply chains.

Colonial Pipeline CEO Joseph Blount told lawmakers this week that the decision to pay the ransom was the hardest choice of his career but ultimately the right thing to do, particularly given the gas shortages that surfaced within days in parts of the United States.

The Justice Department has said it was able to recover the majority of the ransomware payment after locating the virtual wallet used by the hackers.

…Read the full story