Colonial Pipeline ransomware attack has grave consequences
The ramifications of a major ransomware attack against a US fuel pipeline operator could spread far and wide
Share this item with your network: By Published: 11 May 2021 10:00
The consequences of Friday’s DarkSideransomware attack against the operator of the Colonial Pipeline, the largest fuel pipeline in the US, are spreading rapidly, with real-world disruption now cascading throughout the US energy sector, providing an object lesson in the importance of protecting critical national infrastructure (CNI).
Over the weekend, the US government declared an emergency and the Department of Transportation (DoT) temporarily relaxed regulations across most of the Mid-Atlantic and southern US, and Texas, that govern how long truckers are permitted to remain behind the wheel, to improve flexibility in the fuel supply chain.
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Merger and acquisition activity involving cybersecurity companies continued at a rapid pace in the last two weeks, with Accenture, Forcepoint, OneTrust and the Swedish IT consultancy firm Knowit AB all making acquisitions.
Professional services firm Accentureannounced April 29 it had entered into an agreement to acquire the managed security services provider Openminded.
During the first week of May, Forcepoint announced it had purchased the browser security company Cyberinc, OneTrust revealed its intention to acquire the third-party risk organization Shared Assessments and Knowit AB announced plans to acquire the cybersecurity consulting firm Cybercom.
Accenture Buying Openminded
Accenture s pending acquisition of Paris-based managed security services provider Openminded would be its second cybersecurity deal of the year. It purchased Real Protect in January
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ATLANTA, May 4, 2021 /PRNewswire/ OneTrust, the #1 fastest-growing company on the Inc. 500 and category-defining enterprise platform to operationalize trust, today announced it entered into a definitive agreement to acquire Shared Assessments, the global membership organization dedicated to developing the best practices, education, and tools to drive third-party risk assurance.
The acquisition will enable Shared Assessments to further scale the availability and adoption of the SIG to become the de facto third-party risk standard globally. Shared Assessments, including the Standardized Information Gathering Questionnaire (SIG), Shared Assessments Summit, and Shared Assessments certifications, plan to continue operating as an open and vendor-neutral industry organization.
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DougOlenick) • April 29, 2021 Get Permission
Some security experts are questioning whether Experian is doing enough to ensure security after a researcher discovered that an API the credit reporting firm uses to allow lenders to check the credit score of prospective borrowers could expose customer s scores.
While visiting one lender s website, Bill Demirkapi, a student at the Rochester Institute of Technology who s a threat researcher, discovered the API issue, he told Krebs on Security. The vulnerability on that website, which Experian says it has since fixed, allowed someone to look up another person s credit score and some additional financial history by inputting their name, address and date of birth. But Demirkapi says he had to enter the birthdate as all zeroes to exploit the vulnerability.