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President Joe Biden Speaks On Rising Gas Prices, Price Gouging, Panic Buying and More (Image: Screenshot/YouTube)
President Joe Biden speaks about the Colonial Pipeline incident. Colonial is still dealing with the fallout from a cyberattack that knocked its entire system offline on Friday, causing widespread gas shortages across the East Coast.
The company resumed operations on Wednesday afternoon, but the system will not be back to normal for many days.
According to Bloomberg , two people who are familiar with the transaction, Colonial Pipeline Co. paid roughly $5 million to Eastern European cybercriminals on Friday, refuting previous reports that the business had no desire to pay an extortion price to help restore the country’s largest fuel pipeline.
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