Colonial Pipeline cyber attack News

Gas Station Sues Colonial Pipeline for Gas Crisis From Ransomware Attack

Colonial Pipeline Co. was sued by a gas station seeking to represent thousands more over the ransomware attack in May that paralyzed the U.S. East Coast’s flow of gasoline, diesel and jet fuel. EZ Mart 1 LLC, a two-pump station …

Hackers Only Needed a Single Password to Disrupt Colonial Pipeline, CEO Testifies

The head of Colonial Pipeline told U.S. senators on Tuesday that hackers who launched last month’s cyber attack against the company and disrupted fuel supplies to the U.S. Southeast were able to get into the system by stealing a single …

FBI Recovers Most of Bitcoin Ransom Paid by Colonial Pipeline

The U.S. recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial Pipeline Co. last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the …

Cyber Insurers Seeing Surge in Interest by Energy Companies Since Pipeline Attack

U.S. energy companies are scrambling to buy more cyber insurance after this month’s attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan to hike rates following a slew of …

New U.S. Rules Require Pipelines to Report Cyber Incidents, Mitigate Risks

The Department of Homeland Security issued a new security directive for pipeline owners and operators on Thursday after a hack of the Colonial Pipeline disrupted fuel supplies in the southeastern United States for days this month. “The recent ransomware attack …

Biden Administration Working to Boost Cybersecurity of Pipeline Companies

The Biden administration is working with pipeline companies to strengthen protections against cyberattacks following the Colonial Pipeline hack, with announcements of actions planned in coming days, the Department of Homeland Security (DHS) said on Tuesday. A ransomware attack forced Colonial …

Three Disasters Show Gaps in Infrastructure Plan

Three times this year, major pieces of U.S. infrastructure have failed: first the Texas power grid, then the East Coast’s main gasoline pipeline, then a freeway bridge over the Mississippi River. The crises disrupted businesses and lives, cost billions and …

What 3 Experts Are Saying About Pipeline Attack and Cyber Insurance

Here is what AM Best, Fitch Ratings and CyberCube think about the recent ransomware attack that shut down Colonial Pipeline: AM Best: Spotlight on Cyber Insurance The ransomware attack on one of the largest pipelines in the United States highlights …

Under Pressure, Ransomware Gangs Claim They’re Shutting Down

Multiple ransomware groups claimed they were shutting down or scaling back operations on Friday as the U.S. government ramped up pressure while tech companies, cryptocurrency exchanges and others worried about getting caught in the crossfire. DarkSide, the Russian-speaking gang blamed …

Cyber Ransom Payments Set a Bad Precedent But Happen Often

The U.S. government’s fight to choke off ransom payments collected by hackers hit a major snag Thursday, following news that Colonial Pipeline Co. paid a hefty sum to hackers who for several days this week effectively shut down the country’s …