Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the Washington Post, federal authorities have recovered more than two million dollars in cryptocurrency paid in ransom to foreign hackers whose attack last month led to the shutdown of a major pipeline that provides nearly half the East Coast’s fuel, according to officials.


  1. What is the name of the hacker ring?
  2. How much was paid in ransom?
  3. According to Heather Kelly, in a separate article, in what ways are ransomware attacks affecting consumers?


Kelly, H. (2021). Ransomware attacks are closing schools, delaying chemotherapy and derailing everyday life. The Washington Post, June 5 (Retrievable online at

Nakashima, E. (2021). Fed recovers millions in ransomware payments from Colonial Pipeline hackers. The Washington Post, June 7 (Retrievable online at