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Experts Call Colonial Pipeline Attack a Wake-Up Call, Say Bigger Attacks Could Be Ahead
Cyber experts are saying that the Colonial Pipeline attack, in which ransomware took down 5,500 miles of critical infrastructure along one of the nation’s largest pipelines, should be a wake up call for all companies to prioritize their cyber hygiene.
“This is everyday, every company, every nonprofit, every municipality,” says Catherine Lyle, head of claims at Coalition, on this week’s episode of the Insuring Cyber Podcast. “If you’re doing business, or you’re using the internet, or you have security and you use a computer, you’re one of them.”
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In November, Californians approved a ballot measure, Proposition 24, a.k.a. the California Privacy Rights Act (CPRA), to create a new consumer data privacy agency. It puts California yet another step ahead of other states in terms of privacy productions for consumers and data security requirements for enterprises. California already had a privacy law in place, the California Consumer Privacy Act (CCPA), adopted in 2018. It went into effect in January 2020, and enforcement officially began this past July.
The CCPA was supposed to help keep California from passing a more stringent privacy initiative via ballot. CCPA is probably one of the leading privacy laws in the US that protects consumers today, says Christophe Bertrand, analyst at Enterprise Strategy Group, but it was originally supposed to be more restrictive. It was the product of many political negotiations that weakened the final product.
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