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Monday, June 14, 2021
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Oil industry ‘laser-focused’ on cybersecurity, says analyst

A group of cybercriminals allegedly responsible for the ransomware attack that shut the largest fuel pipeline in the United States said on Monday (May 10) it only wants to make money, not disrupt society, as Washington scrambled to help restore the network.

Colonial Pipeline in its fourth day of shutdown, said it has a phased restart program and hopes to “substantially” restore service by the end of the week.

The attack on Colonial, source of nearly half of the fuel on the U.S. East Coast, is one of the most disruptive digital ransom schemes reported.

The hack triggered worries of retail gasoline spikes and laid bare the vulnerabilities of U.S. energy infrastructure to hackers.

(Production: Hussein Waaile, Aleksandra Michalska)

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