Colonial Pipeline CEO says no one 'wants to know' results if ransom wasn't paid to hackers

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'That's an unknown we probably don't want to know. And it's an unknown we probably don't want to play out in a public forum,' Colonial Pipeline CEO Joseph Blount said about the attack.

Colonial Pipeline's CEO said on Tuesday the decision to authorize a multi-million-dollar payment to hackers to get the company's data back after a ransomware attack last month was the right thing to do, saying no one would"want to know" the results had the ransom not been paid.

The Department of Justice announced yesterday it had recovered a majority of the $4.4 million ransom payment by Colonial Pipeline to restore its system.Joseph Blount, president and CEO of Colonial Pipeline testifies during a Senate Homeland Security and Government Affairs Committee hearing on the Colonial Pipeline cyber-attack, on Capitol Hill, June 8, 2021 in Washington, DC.

 

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