Latest developments from Washington . Posted 1 d day ago Sun Sunday 9 May May 2021 at 9:45pm, updated Yesterday at … A news release issued on Monday in the name of the cyber group DarkSide, the group suspected of the attack on the pipeline, said "our goal is to … Cyber attack on US fuel pipeline operator blamed on DarkSide, a 'Robin Hood' criminal gang . Colonial Pipeline Company has revealed that the business learned it was the victim of a cybersecurity attack on May 7. The Colonial Pipeline, the principal transporter of gasoline and diesel fuel up and down the East Coast of the United States, was temporarily shut down on Friday after its operator, Colonial Pipeline Co., learned it was the victim of a cyberattack. A massive cyber attack on a US oil pipeline, believed to be carried out by DarkSide, has knocked Colonial Pipeline offline. Colonial Pipeline, an important American fuel pipeline operator, shut its entire network, the source of nearly half of the U.S. East Coast’s fuel supply, after a ransomware cyber attack.. A vastly improved search engine helps you find the latest on companies, business leaders, and news more easily. The recent cyber-attack on the US major oil and gas pipeline could become one of the most expensive attacks to an economy. The ransomware attack on Colonial Pipeline on May 7, 2021, exemplifies the huge challenges the U.S. faces in shoring up its cyber defenses. Monday 10 … Top U.S. fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the U.S. East Coast's fuel supply, after a cyber attack on Friday that involved ransomware. Russia has emphatically denied any involvement in the ransomware attack that crippled the U.S. Colonial Pipeline, forcing the company to shut down operations and … In a statement released Saturday, the Colonial Pipeline Company said it temporarily halted pipeline operations in response to a cyberattack impacting the company on Friday. On May 7, 2021, the Colonial Pipeline system reported a ransomware cyber-attack, resulting in a temporary shutdown of that line. NEW YORK (Reuters) -Top U.S. fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the U.S. East Coast's fuel supply, after a cyber attack that involved ransomware. Cyber attack shuts down U.S. fuel pipeline 'jugular,' Biden briefed Back to video “This is as close as you can get to the jugular of infrastructure in the United States,” said Amy Myers Jaffe, research professor and managing director of the Climate Policy Lab. By Mae Anderson and Frank Bajak. Music, Film, TV and Political News Coverage. The Colonial Pipeline is a primary fuel pipeline for North Carolina. The company, which noted that … On Friday, the Colonial Pipeline system reported a ransomware cyber-attack, resulting in a temporary shutdown of that line. 80% of senior cybersecurity leaders see ransomware as a dangerous growing threat that is threatening our public safety. The private company, which controls a … The incident is one of the most disruptive digital ransom operations ever reported and has drawn attention to how vulnerable U.S. energy infrastructure is to hackers. Jaffe: The cyber attack on the Colonial Pipeline is a "Sputnik" moment. Experts say cyber attack on major East Coast energy pipeline is a wake-up call. The Colonial Pipeline, the top U.S. fuel pipeline operator, has shut down its entire network after being hit with a cyberattack, the company said in a statement on Friday. Oil futures rose after a key US pipeline was targeted in a cyberattack over the weekend. The Colonial Pipeline is a primary fuel pipeline for North Carolina and transports gasoline and other fuel through 10 states between Texas and New Jersey. Colonial Pipeline fell victim to a cybersecurity attack on Friday that involved ransomware, forcing it to temporarily shut down all pipeline operations. The private company, which controls a … On March 15-16, 2018, the U.S. Computer Emergency Readiness Team (US-CERT) released a joint Technical Alert (TA), which was the result of analytic efforts between the Department of Homeland Security (DHS) and the Federal Bureau of Investigation (FBI). It could promote a spike in consumer purchases of gasoline in the areas served by the line.” “A cyber attack on the country’s most vital pipeline will be a headline story through Monday. A cyberattack forced the temporary shut down of one of the US' largest pipelines Friday, highlighting already heightened concerns over the vulnerabilities in the nation's critical infrastructure. The ransomware attack on Colonial Pipeline on May 7, 2021, exemplifies the huge challenges the U.S. faces in shoring up its cyber defenses. David Nelson, Belpointe Chief Strategist, joined Yahoo Finance discuss cyber attack shuts down U.S. fuel pipeline. Here are six principles to improve the cybersecurity of critical infrastructure. Colonial Pipeline says it transports 45% of East Coast fuel supply. The company shut down systems to contain the threat after learning of the attack on Friday, Colonial said in the statement. “It’s not a major pipeline. The federal government is prepared to address any fallout from the cyber-attack that led to a major East Coast gasoline pipeline being taken off-line. This is especially important in a crisis that can affect millions of people, such as when Colonial Pipeline shut down its 5,500 miles of pipelines on Friday in the aftermath of a cyber attack… Biden news – live: Trump critic set to be ousted by GOP, as president pledges cyber attack response. The largest fuel pipeline system in the United States was forced to shut down its entire network after a ransomware attack, the operating company said in a statement Saturday. The incident is one of the most disruptive digital ransom operations ever reported and … A ransomware attack is being blamed for halting pipeline activities for the Colonial Pipeline Company, which supplies the East Coast with roughly 45 percent of it liquid fuels. Colonial Pipeline shut its entire network after the breach of its computer networks, the source of nearly half of the US east coast’s fuel supply, after a cyber-attack that involved ransomware. Colonial Pipeline, which operates the largest gasoline pipeline in the country, was forced to shut down operations on Friday due to a ransomware attack. Colonial said Saturday it had halted operations on its 5,500 miles of pipeline from Texas to the East Coast following a cyber attack and was working to restore service as quickly as possible. Associated Press | May 09, 2021 at 3:24 PM . Cyber Attacks on US Pipelines in 2019. technical intelligence. Top US fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the US East Coast's fuel supply, after a cyber attack on Friday that involved ransomware. Tom Batchelor @_tombatchelor. Experts indicated this cyber attack was unlikely to affect gasoline supply and prices unless it leads to a prolonged shutdown of the pipeline. Critic set to be carried out by DarkSide, a 'Robin Hood ' gang... 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