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Pipeline Attack Yields Urgent Lessons About U.S. Cybersecurity
The hack underscored how vulnerable government and industry are to even basic assaults on computer networks.
Cybersecurity experts said Colonial Pipeline would never have had to shut down its pipeline if it had more confidence in the separation between its business network and pipeline operations.Credit.Drone Base, via Reuters
Published May 14, 2021Updated May 18, 2021
For years, government officials and industry executives have run elaborate simulations of a targeted cyberattack on the power grid or gas pipelines in the United States, imagining how the country would respond.
But when the real, this-is-not-a-drill moment arrived, it didn’t look anything like the war games.
Cyber-attacks Cost Small US Businesses $25k Annually
Cyber-attacks are leaving small businesses in the United States with big dents in their annual budgets, according to new research by international insurance company Hiscox.
Data analyzed in the creation of the Hiscox Cyber Readiness Report 2021 revealed that the average financial cost of a cyber-attack to a small business in the US over 12 months is high at $25,612.
The annual report, which was first published five years ago, surveys over 6,000 professionals from the US, UK, Belgium, France, Germany, the Netherlands, Spain, and Ireland who are responsible for their company’s cybersecurity.
Respondents completed the online survey between November 5, 2020, and January 8, 2021.
The Cybersecurity 202: Biden administration issues executive order in wake of pipeline attack Tonya Riley
with Aaron Schaffer In the wake of yet another major cyberattack, the Biden administration unveiled a historic cybersecurity directive that officials hope will initiate major change in U.S. cybersecurity standards. The directive outlines a number of measures to strengthen federal cybersecurity, including instilling more rigorous security requirements for software providers that contract with the federal government, improving reporting practices for cybersecurity incidents and requiring federal agencies to adopt better security practices.
“We simply cannot let waiting for the next incident to happen to be the status quo under which we operate, a White House official said.