Colonial Pipeline CEO explains his decision to pay ransom

CNBC Television published this video item, entitled “Colonial Pipeline CEO explains his decision to pay ransom” – below is their description.

The CEO of Colonial Pipeline told the Wall Street Journal he authorized a $4.4 million ransom payment because executives were unsure how badly the cyber attack breached its systems and how long it would take to bring the pipeline back. He said he knew the decision was controversial and wasn’t comfortable paying money to the hackers, but felt it was the right thing to do for the company. CNBC’s “Squawk Box” crew discuss.

CNBC Television YouTube Channel

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About This Source - CNBC Television

CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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