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Colonial Pipeline forked over $4.4M to end cyberattack – but is paying a ransom ever the ethical thing to do?

By Scott Shackelford, Associate Professor of Business Law and Ethics; Executive Director, Ostrom Workshop; Cybersecurity Program Chair, IU-Bloomington, Indiana University
Megan Wade, Research Affiliate at the Ostrom Workshop for Cybersecurity and Internet Governance, Indiana University
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The FBI and Treasury Department frown on the idea of paying off cyber attackers. But there is sufficient ethical and legal gray areas to make it a real moral quandary for business leaders.

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