Re:Colonial Pipeline Paid Hackers Nearly $5M in Ransom
by mattnewton on Thursday May 13, 2021 @05:11PM
(#27147522)
I am not a lawyer, but my understanding is that while paying a ransom is not illegal itself, anything that facilitates the payment of a ransom is. There is a chance some party that handled the ransom money broke this law by doing so.
There is another much greater chance that some party with a fiduciary duty to shareholders could be sued for misrepresenting the risk of this happening to shareholders.
There is another much greater chance that some party with a fiduciary duty to shareholders could be sued for misrepresenting the risk of this happening to shareholders.