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In May 2021, leading into Mother’s Day weekend, malicious cyber attackers deployed the now infamous ransomware attack on Colonial Pipeline, resulting in the Biden Administration issuing a memo specifically addressing critical infrastructure cybersecurity. [read post]
In May 2021, leading into Mother’s Day weekend, malicious cyber attackers deployed the now infamous ransomware attack on Colonial Pipeline, resulting in the Biden Administration issuing a memo specifically addressing critical infrastructure cybersecurity. [read post]
31 Aug 2021, 5:48 am by Dan Lips
On Aug. 25, the Biden administration announced a new public-private initiative to improve the nation’s cybersecurity. [read post]
18 Aug 2021, 11:49 am by Erica D. Borghard, Lauren Zabierek
The recent spate of ransomware attacks in the United States, including against critical infrastructure in the case of the Colonial Pipeline attack, raises questions about U.S. [read post]
11 Aug 2021, 12:52 pm by Alvaro Marañon, Benjamin Wittes
In early May, energy provider Colonial Pipeline paid a $4.4 million ransom after a ransomware attack forced Colonial to shut down its operations, leading to fuel shortages along the U.S. east coast. [read post]
4 Aug 2021, 10:52 am by Kevin Scott and Donna Ruscitti
Yet, in a somewhat more positive development, the FBI’s seizure of $2.3 million in bitcoins from the Colonial Pipeline ransomware payment upends the misconception that the bitcoin is wholly untraceable. [read post]
4 Aug 2021, 9:53 am by Jeffrey M. Schlossberg
The Memorandum comes in follow up to the Biden Administration’s Executive Order issued immediately following the Colonial Pipeline Cyberattack back in May, entitled “Improving the Nation’s Cybersecurity” (EO). [read post]
28 Jul 2021, 6:14 pm by Sabrina I. Pacifici
The Memorandum follows recent high-profile attacks on U.S. critical infrastructure, including ransomware attacks on Colonial Pipeline and JBS Foods…” [read post]
Cyberattacks are on the rise – think Colonial Pipeline, Kaseya, JBS, and others – with ransomware attacks up 158 percent from 2019-2020 in North America. [read post]
22 Jul 2021, 9:08 pm by Omar Khodor
The directive builds on one released earlier this year following the shutdown of the Colonial Pipeline due to a cyber attack. [read post]
20 Jul 2021, 12:40 pm by Andreas Kaltsounis and Seungjae Lee
This is a swift change from the voluntary reporting regime TSA introduced in March 2018 and was in direct reaction to the recent Colonial Pipeline attack. [read post]
14 Jul 2021, 6:10 am
In the past few months alone, ransomware has caused catastrophic disruptions to the business activities of, among others, Colonial Pipeline, food processing giant JBS USA Holdings Inc., and Ireland’s national health care system. [2] Successful attacks cost businesses millions of dollars, including disruption to business, personnel cost, device cost, network cost, lost opportunity, reputational harm, and a potential payment of a ransom. [3] Cybercriminals are demanding and… [read post]
12 Jul 2021, 12:28 pm by Allen S. Weiner, Scott Sagan
In May, another cybercriminal group, DarkSide, also apparently located mainly in Russia, shut down most of the operations of Colonial Pipeline, which supplies nearly half the diesel, gasoline and other fuels used on the East Coast — setting off a round of panic buying that ended only when the company handed over a ransom. [read post]
5 Jul 2021, 2:39 pm by Matt Tait
Bigger than the Colonial pipeline ransomware incident. [read post]
5 Jul 2021, 10:24 am by Savage Villoch Law, PLLC
Most notably, the Colonial Pipeline was hacked in May, resulting in gasoline shortages across the Southern United States, and in June, a cyberattack on a large meat manufacturer halted a quarter of all beef operations in the United States for two days. [2] Countless other large- and small-scale cyberattacks occur regularly, amplifying the need for investor protection from such future occurrences. [read post]
2 Jul 2021, 8:07 am by Peter Pascucci, Kurt Sanger
The Colonial Pipeline hack, in particular, highlights the broad and severe impacts criminals can inflict through cyberspace. [read post]
30 Jun 2021, 6:25 pm by Mark Latham
ShareThe Supreme Court held 5-4 in PennEast Pipeline Co. v. [read post]
30 Jun 2021, 6:00 am by Carey Kulp, Ramya Vemuganti
Three weeks before, a similar attack had disrupted the Colonial Pipeline’s computer infrastructure, causing soaring gasoline prices and temporary shortages in the southeastern U.S. [read post]