Joseph Blount, the CEO of major U.S. fuel pipeline Colonial Pipeline, faced lawmakers Tuesday on Capitol Hill, a month after his company was hit by a massive ransomware attack and paid cybercriminals more than $4 million to regain control of their systems. Gordon Bitko, senior vice president of policy at the Information Technology Industry Council, joined CBSN ahead of the hearing to explain the FBI's concerns with paying off hackers and how the agency was able to recover a portion of that payment.
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Joseph Blount, the CEO of major U.S. fuel pipeline Colonial Pipeline, faced lawmakers Tuesday on Capitol Hill, a month after his company was hit by a massive ransomware attack and paid cybercriminals more than $4 million to regain control of their systems. Gordon Bitko, senior vice president of policy at the Information Technology Industry Council, joined CBSN ahead of the hearing to explain the FBI's concerns with paying off hackers and how the agency was able to recover a portion of that payment. CBSN is CBS News 24/7 digital streaming news service featuring live, anchored coverage available for free across all platforms. Launched in November 2014, the service is a premier destination for breaking news and original storytelling from the deep bench of CBS News correspondents and reporters. CBSN features the top stories of the day as well as deep dives into key issues facing the nation and the world. CBSN has also expanded to launch local news streaming services in major markets across the country. CBSN is currently available on CBSNews.com and the CBS News app across more than 20 platforms, as well as the Paramount+ subscription service. Subscribe to the CBS News YouTube channel: http://youtube.com/cbsnews Watch CBSN live: http://cbsn.ws/1PlLpZ7c Download the CBS News app: http://cbsn.ws/1Xb1WC8 Follow CBS News on Instagram: https://www.instagram.com/cbsnews/ Like CBS News on Facebook: http://facebook.com/cbsnews Follow CBS News on Twitter: http://twitter.com/cbsnews Subscribe to our newsletters: http://cbsn.ws/1RqHw7T Try Paramount+ free: https://bit.ly/2OiW1kZ For video licensing inquiries, contact: licensing@veritone.com