• By The Financial District

U.S. Offers $10M Reward For Info On Dark Side Hackers

The State Department has announced a reward of up to $10 million for information on the leaders of the ransomware cybercriminal gang that attacked Colonial Pipeline in the spring, disrupting fuel supply for the eastern United States, Darryl Coote reported for United Press International (UPI).

Photo Insert: Colonial Pipeline tanks

State Department spokesman Ned Price announced the reward Thursday in a statement, saying it was also offering up to $5 million for information that leads to the arrest or conviction of anyone who conspires to participate in a DarkSide ransomware attack.

"In offering this reward, the US demonstrates its commitment to protecting ransomware victims around the world from exploitation by cybercriminals," he said.

"The US looks to nations who harbor ransomware criminals that are willing to bring justice for those victim businesses and organizations affected by ransomware."

Ransomware, according to the Cybersecurity and Infrastructure Security Agency, is malware designed to encrypt files on a device, making it unusable. The threat actors then demand a ransom in exchange for decryption.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

President Joe Biden has been pushing to crackdown on cybercriminals as a number of high-profile incidents by both transnational criminal gangs and state actors starting late last year and continuing into this year brought the issue to the forefront of his administration.

Among those incidents includes a ransomware attack against the Georgia-based Colonial Pipeline in May that forced the company to shut down its 5,500-mile pipeline that transports 45% of the east coast's fuel.

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