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Are we overestimating the ransomware threat?


On Monday afternoon, the U.S. Justice Department said it has seized much of the cryptocurrency ransom that  U.S. pipeline operator Colonial Pipeline paid last month to a Russian hacking collective called DarkSide by tracking the payment the as it moved through different accounts belonging to the hacking group and finally breaking into one of those accounts with the blessing of a federal judge.

It’s a feel-good twist to a saga that began with a cyberattack on Colonial and resulted in a fuel shortage made worse by the panic-purchasing of gasoline last month after Colonial shut down one of its major pipelines (and later suffered a second pipeline shutdown owing to what it described as an overworked internal server). But Christopher Alhberg, a successful serial entrepreneur and the founder of Recorded Future, a security intelligence company that tracks threats to the government and corporations and runs its own ...


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