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Recent ransomware attacks against U.S. critical infrastructure, which includes the energy sector’s production of oil and natural gas, and other sources of electricity and power, have shed a spotlight on the importance of staying updated on sector-specific techniques, tactics and procedures (“TTPs”), and preventative and remediation actions.
This Client Alert will: (1) provide a brief background on the nature and risks of ransomware on critical infrastructure; (2) discuss the current ransomware threat landscape; (3) note legal considerations companies should take into account when determining how to respond to ransomware attacks; (4) discuss recent calls for cybersecurity oversight; (5) provide an overview of recent public ransomware incidents; and (6) set forth potential steps companies can take to mitigate the risks of ransomware.
Many gas stations running dry amid Colonial Pipeline shutdown WSOCTV.com News Staff
Hit by a cyberattack, Colonial Pipeline the operator of a major U.S. fuel pipeline sai it hopes to have services mostly restored by the end of the week as the FBI and administration officials identified the culprits as a gang of criminal hackers.
U.S. officials sought to soothe concerns about price spikes or damage to the economy by stressing that the fuel supply had so far not experienced widespread disruptions, and the company said it was working toward “substantially restoring operational service” by the weekend.
Gas stations run out of fuel amid Colonial Pipeline shutdown WSOCTV.com News Staff
Hit by a cyberattack, Colonial Pipeline the operator of a major U.S. fuel pipeline said Monday it hopes to have services mostly restored by the end of the week as the FBI and administration officials identified the culprits as a gang of criminal hackers.
U.S. officials sought to soothe concerns about price spikes or damage to the economy by stressing that the fuel supply had so far not experienced widespread disruptions, and the company said it was working toward “substantially restoring operational service” by the weekend.
‘Panic-buying’ leaving gas stations dry amid Colonial Pipeline shutdown WSOCTV.com News Staff
Many local gas stations are running out of fuel while others are raising prices amid the Colonial Pipeline shutdown. Channel 9 was out at several gas stations early Wednesday and most of them had cars lined up with drivers waiting to fill their tanks. One driver said he had waited for more than four hours before sunrise to fill up.
Some drivers have been waiting for hours overnight to fuel up at this gas station along Ballantyne Commons Parkway. I talked to one driver who told me he ran out of gas & had to push his car to the one working pump here. @wsoctvpic.twitter.com/WA9FpoNPxx Anthony Kustura (@AnthonyWSOC9) May 12, 2021
Rise of DarkSide: Ransomware Victims Have Been Surging
Compliance
euroinfosec) • May 12, 2021
Count of known DarkSide victims from August 2020 to April 2021 (Sources: Mandiant, Sophos)
For anyone wondering how a Russian-speaking, ransomware-wielding crime syndicate was able to disrupt a major U.S. fuel pipeline, a more pertinent question might be: Why didn’t it happen sooner?
The DarkSide operation first appeared in August 2020 with a clear MO: To take down big targets in pursuit of massive ransom payoffs. Information security experts call this strategy big game hunting.
Unless something is done to disrupt this criminal business model, what seems audacious today risks becoming even more commonplace tomorrow.