No Gas in Open Lake Discussion Posted May 14 What's a ransomware attack? Hackers use ransomware -- a type of malware -- to scramble a company's computer data and hold it hostage until a ransom is paid. In a double extortion scheme, the attackers pilfer the data and threaten to publish it. On Thursday, Bloomberg reported that Colonial paid nearly $5 million in ransom for software to decrypt its computers. The report contradicted an earlier story by The Washington Post that the company was restoring its data from backups and didn't plan to pay the hackers. Bloomberg reported the software tool, which was paid for with an unspecified cryptocurrency, was slow so Colonial continued restoring its system from backups. The above was from CNET and the first statement is not totally correct. it is usually an encryption app that is run on the network and the hacker holds the key releasing it to you when the ransom is paid. if you have backups and are up to date or run volume shadow services on you drives you have very good chance you won't have to pay. The hackers are now seeking out Backups and if found the process them first and follow up with the live data.