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After Colonial attack, energy companies rush to secure cyber insurance

(Reuters) -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 ransomware attacks. The Colonial ransomware attack on May 7 shut the largest fuel pipeline network in the United States for several days, crippling fuel delivery to most of the U.S. East Coast. Pipeline companies rely on electronic networks, putting them at risk of additional attacks that could hamper delivery of crude oil or other fuels.

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 ransomware attacks. The Colonial ransomware attack on May 7 shut the largest fuel pipeline network in the United States for several days, crippling fuel delivery to most of the U.S. East Coast. Pipeline companies rely on electronic networks, putting them at risk of additional attacks that could hamper delivery of crude oil or other fuels.

Germany officially recognizes its colonial crimes in Namibia as genocide

Germany officially recognizes its colonial crimes in Namibia as genocide Xinhua © Provided by Xinhua German colonial rulers committed genocide against the Herero and Nama peoples from 1904 to 1908. According to historians, 60,000 Herero and 10,000 out of 20,000 Nama were killed during the time. BERLIN, May 28 (Xinhua) More than 100 years after Germany was a colonial power in Namibia, the German government officially recognized the atrocities committed against the Herero and Nama ethnic groups as genocide, the Federal Foreign Office announced on Friday. After more than five years of negotiations, Germany and Namibia reached an agreement on how to deal jointly with the darkest chapter of our common history, said Foreign Minister Heiko Maas in a statement.

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