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Colonial Pipeline pushes to recover from cyberattack
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Last Updated: May 10, 2021, 07:53 AM IST
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Synopsis
The US oil and gas industry is used to dealing with outages, like those caused by hurricanes or other extreme weather see February’s winter storm in Texas. Energy companies practice for those scenarios and pride themselves on quickly restoring service.
The unprecedented shutdown of one of the largest US pipelines after it was crippled by a cyberattack has triggered warnings of major disruption to fuel supplies and concern that its restart will be neither quick nor straightforward.
Colonial Pipeline turned off key systems late Friday after an attack involving ransomware, and was still down late Saturday. There are few precise details about what happened at Colonial, which says it normally transports about 45% of all the fuel consumed on the East Coast and in the Northeast. It says it’s working to return to normal. Various branches of the US government are
by Tyler Durden
Sunday, May 09, 2021 - 01:40 PM
While cyber-attacks have disrupted the operations of other energy assets in the U.S. in recent years. this weekend s theft of Colonial’s data, coupled with the detonation of ransomware on the company’s computers, is by far the
largest and most impactful.
As we detailed earlier, the hackers who caused Colonial Pipeline to shut down the biggest U.S. gasoline pipeline on Friday
began their blitz against the company a day earlier, stealing a large amount of data before locking computers with ransomware and demanding payment, according to people familiar with the matter.
May 8, 2021
Traders are seeking product tankers and barges to deliver gasoline that would have otherwise been shipped on the Colonial pipeline that was crippled by a ransomware attack on Friday.
By Gerson Freitas Jr (Bloomberg) –The unprecedented shutdown of one of the largest U.S. pipelines after it was crippled by a cyberattack has triggered warnings of major disruption to fuel supplies and concern that its restart will be neither quick nor straightforward.
Colonial Pipeline turned off key systems late Friday after an attack involving ransomware, and was still down late Saturday. There are few precise details about what happened at Colonial, which says it normally transports about 45% of all the fuel consumed on the East Coast and in the Northeast. It says it’s working to return to normal. Various branches of the U.S. government are monitoring the situation.
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