Home Business Hit by a cyberattack? Your ransom payment to hackers may be tax deductible.

Hit by a cyberattack? Your ransom payment to hackers may be tax deductible.

by staff

Gasoline tankers pass by Colonial Pipeline storage tanks May 10, 2021, in Austell, Georgia. Colonial Pipeline paid cybercriminals a ransom of 75 bitcoin, then valued at roughly $4.4 million, to regain control of its computer system. Some of the funds were later recovered. (John Spink / John.Spink@ajc.com/AJC/TNS)

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