Colonial Pipeline News

Governments Turn Tables on Ransomware Gang REvil by Pushing it Offline

The ransomware group REvil was itself hacked and forced offline this week by a multi-country operation, according to three private sector cyber experts working with the United States and one former official. Former partners and associates of the Russian-led criminal …

US Talks Global Cybersecurity Without a Key Player: Russia

WASHINGTON (AP) — Amid an epidemic of ransomware attacks, the U.S. is discussing cybersecurity strategy this week with 30 countries while leaving out one key player: Russia. The country that, unwittingly or not, hosts many of the criminal syndicates behind …

Gulf Coast Oil Companies Return to Ida Recovery as Nicholas Recedes

HOUSTON — Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through, allowing them to resume efforts to repair the significant damage caused by Hurricane Ida two weeks ago. Nicholas, downgraded to a tropical depression …

US Announces New Cybersecurity Requirements for Critical Pipeline Owners

WASHINGTON — The Department of Homeland Security on Tuesday required owners and operators of critical pipelines that transport hazardous liquids and natural gas to implement “urgently needed protections against cyber intrusions.” It was the second security directive issued by the …

Cyber Reinsurance Rates Rocket at July Renewals -Willis Re

LONDON — Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said on Thursday, as ransomware attacks increase in number and severity. A ransomware attack on Colonial Pipeline in May …

Colonial Pipeline Sued 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 …

Ransomware Gangs Get Paid Off as Officials Struggle for Fix

BOSTON (AP) — If your business falls victim to ransomware and you want simple advice on whether to pay the criminals, don’t expect much help from the U.S. government. The answer is apt to be: It depends. “It is the …

U.S. Water and Power Are Shockingly Vulnerable to Cyberhacks

When the Los Angeles Department of Water and Power was hacked in 2018, it took a mere six hours. Early this year, an intruder lurked in hundreds of computers related to water systems across the U.S. In Portland, Oregon, burglars …

Pipeline CEO: Ransom Payment Among My ‘Toughest Decisions’

WASHINGTON (AP) — The chief executive of the massive fuel pipeline hit by ransomware last month told senators on Tuesday that authorizing a multi-million-dollar payment to hackers was the right thing to do to bring an end to fuel shortages …

After Colonial Attack, Energy Companies Rush to Secure Cyber Insurance

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 …