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Following Colonial Pipeline Ransomware Attack, Oil and Natural Gas Companies Must Prepare for New Regulations and Added Scrutiny of Cybersecurity Programs | Davis Wright Tremaine LLP

The May 7, 2021, ransomware attack against Colonial Pipeline may be a turning point in the way the United States thinks about cybersecurity. The attack underscores the significant. ....

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Securing US Infrastructure in Wake of Colonial Pipeline Hack

Tuesday, May 18, 2021
One of the nation’s largest pipelines, Colonial Pipeline, which carries 45 percent of the East Coast’s fuel supplies, was forced to shut down on May 7 after it was targeted by a ransomware attack. Ransomware is a type of malware where criminal groups encrypt data, effectively “holding it hostage,” until the victim pays a ransom.
Colonial Pipeline resumed operations on May 15. However, the cyberattack has sparked public panic and outcry as parts of the country experience fuel shortages and fuel prices rise to their highest levels in nearly seven years. The incident has also renewed efforts government-wide to strengthen security of U.S. pipelines and the power grid. On May 11, the U.S. House Committee on Energy and Commerce reintroduced bipartisan legislation aimed at bolstering the Department of Energy’s (“DOE”) ability to respond to cybersecurity threats to U.S. energy infrastructure. Among the several measures introduced were: ....

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Ransomware, Cyberattacks, and Cybersecurity for Pipelines and LNG Facilities | Perkins Coie

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Colonial Pipeline shut down 5,500 miles of its East Coast pipeline on May 7, 2021, in an effort to contain a security breach resulting from a ransomware attack. Colonial’s pipeline is one of the nation’s largest and carries refined gasoline and jet fuel from Texas up the East Coast to New York. This represents nearly 45% of the fuel consumed on the East Coast. Ransomware attacks have increased in recent years, affecting many industries from banks, universities, and cities. Generally, a ransomware attack is a coordinated effort by computer hackers to lock up and freeze computer systems in order to demand large sums of money to then free up the computer systems. The recent cyberattack on Colonial Pipeline has resulted in gas shortages and panic buying across the southeastern United States, and highlights concerns over the security of critical infrastructure. ....

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Government Races to Secure Critical Infrastructure in Wake of Colonial Pipeline Ransomware Attack | Pierce Atwood LLP

Government Races to Secure Critical Infrastructure in Wake of Colonial Pipeline Ransomware Attack | Pierce Atwood LLP
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