17.8 C
Munich
Tuesday, June 15, 2021

WATCH LIVE: House Homeland Security Committee holds hearing on cyber threats with Colonial Pipeline

Must read

Lina Khan, Critic of Large Tech Firms, to Lead Federal Trade Commission

WASHINGTON—The Senate confirmed Lina Khan for a seat on the Federal Trade Commission, and the White House plans to tap her to lead the...

Platinum Equity Strikes Deal to Buy McGraw Hill From Apollo

Private-equity firm Platinum Equity has struck a deal to buy McGraw...

Platinum Equity Strikes Deal to Buy McGraw Hill From Apollo

Private-equity firm Platinum Equity has struck a deal to buy McGraw...

Colonial Pipeline CEO Joseph Blount will testify on Wednesday before the House Committee on Homeland Security to discuss the May 7 cyberattack on the oil company.

The hearing is expected to being at noon ET. Watch in the video player above.

In his Tuesday testimony to the Senate Homeland Security committee, Blount made no apologies for his decisions to abruptly halt fuel distribution for much of the East Coast and pay millions to a criminal gang in Russia as he faced down one of the most disruptive ransomware attacks in U.S. history.

Blount says he had no choice, telling members of the Senate committee that he feared far worse consequences. His testimony Tuesday to the Senate Homeland Security Committee on the May 7 cyberattack provided a rare window into the dilemma faced by the private sector amid a storm of ransomware attacks.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Lina Khan, Critic of Large Tech Firms, to Lead Federal Trade Commission

WASHINGTON—The Senate confirmed Lina Khan for a seat on the Federal Trade Commission, and the White House plans to tap her to lead the...

Platinum Equity Strikes Deal to Buy McGraw Hill From Apollo

Private-equity firm Platinum Equity has struck a deal to buy McGraw...

Platinum Equity Strikes Deal to Buy McGraw Hill From Apollo

Private-equity firm Platinum Equity has struck a deal to buy McGraw...

Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers

Lumber prices are falling back to earth.Futures for July delivery ended Tuesday at $1,009.90 per thousand board feet, down 41% from the record of...