Colonial Pipeline CEO Defends $4.4M Ransom Payment Decision

The transcript discusses a ransomware attack on Colonial Pipeline, which led to a shutdown and ransom payment. The Justice Department recovered much of the ransom. The Colonial CEO emphasizes the need for stronger cyber defenses and highlights the importance of public-private partnerships to combat global cyber threats.

What role does the CEO believe the government should play in cybersecurity?

Why is the partnership between private industry and government important according to the text?