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Daily on Energy: Top Republican energy regulator calls for new cybersecurity rules to prevent pipeline attacks Josh Siegel, Abby Smith
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CHATTERJEE WEIGHS IN: The cyberattack on the Colonial Pipeline, a 5,500 mile artery from Houston to the doorstep of New York City responsible for nearly half of the East Coast’s fuel supply, should be a “wakeup” call for energy company CEOs, policymakers, and federal regulators, says FERC commissioner
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
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.