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Investing Strategy for Capitalizing on Cyber Attacks, Colonial Pipeline Hack, Max Gokham

The largest pipeline in the US for transporting fuel shut down following a cyber attack. The attack had an impact on fuel prices and created shortages resulting in some gas stations having to close. An investing strategist breaks down how investors can capitalize on the attack over the short and long-term. For six days, a hacker group held the largest pipeline system for refined oil products in the US, Colonial Pipeline, at ransom via a cyber attack. This resulted in the shutdown of a 5,500 mile pipeline used to transport millions of barrels of fuel between Texas and the East Coast, causing fuel shortages and a rise in gas prices in the south east of the country in particular.

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