Colonial Paying Ransom Was Bad Idea, Says Former Energy Secy.

The video discusses the role of cryptocurrency in ransomware attacks, focusing on the Colonial Pipeline incident. Dan Briet, former Secretary of Energy, shares insights on infrastructure security, emphasizing the need for government and private sector collaboration. The discussion covers decentralization, permitting challenges, and the importance of technological advancements like quantum technology in enhancing security.

What was the ransom amount paid by Colonial Pipeline to hackers?

• $5 million

• $15 million

• $1 million

• $10 million

What is one of the key roles the government can play in improving infrastructure security?

• Sharing intelligence with private industry

• Building new pipelines

• Reducing taxes for corporations

• Owning all electricity grids

Why is decentralizing infrastructure considered a potential solution to security issues?

• It reduces the number of targets

• It simplifies the permitting process

• It increases the number of targets

• It makes infrastructure more expensive

What is a significant challenge in developing new pipeline infrastructure?

• Public opposition

• Permitting difficulties

• High costs

• Lack of technology

What advanced technology is being developed to enhance cybersecurity?

• Blockchain

• 5G Networks

• Quantum Internet

• Artificial Intelligence