Colonial Pipeline CEO explains his decision to pay ransom

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  • 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.

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