Page 23 - Ransomware Task Force News Today

Everyones afraid of breaching it when doing their jobs - even the police The Law Commission, a government law reform body, published a report on search warrants in October 2020 that highlighted police fears about breaching the CMA while investigating online crimes. That report [PDF] recommended reform of the act for three reasons: The first reason accords with the observation made by the Law Society and which we have endorsed elsewhere: it would be beneficial to both the individual subject to...

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One of the largest cybersecurity attacks on US infrastructure devastated a fuel pipeline and cut oil supplies to much of the East Coast. The ransomware attack on the Colonial Pipeline, the USs largest fuel pipeline, took the company offline and could see petrol prices rise if the situation is not resolved in the next few days. The hacker group responsible, DarkSide, believed to be based in Russia, issued an apology on Monday, saying its goal was not in "creating problems for society" but "to ma...

According to a Canadian security expert, the ransomware attack on a major U.S. gasoline pipeline should put complacent Canadian citizens and political leaders on high alert to the threat of online attacks against critical infrastructure. “My sense is we are seriously vulnerable, and this [attack] is a major canary in the coal mine,” Christian Leuprecht, a Queen’s University professor and senior fellow in security and defence at the Macdonald Laurier Institute, said in an interview days af...

Photo: Colonial Pipeline Co. After a ransomware incident, Colonial Pipeline Co. says it has restored smaller pipelines that ship fuel to the U.S. East Coast, but its larger ones are still offline as it assesses safety. The company ships millions of gallons per day of fuels such as gasoline, heating oil, jet and diesel from refineries in the South to East Coast destinations. The company says "smaller lateral lines between terminals and delivery points are now operational," according to an update...

news How did cyber-attackers shut off a US pipeline? Investigators at the largest fuel pipeline in the US are working to recover from a devastating cyber-attack that cut the flow of oil. The hack on Colonial Pipeline is being seen as one of the most significant attacks on critical national infrastructure in history. The pipeline transports nearly half of the east coasts fuel supplies and prices at pumps are expected to rise if the outage is long lasting. How can a pipeline be hacked? For many p...

By   Brad D. Williams on May 10, 2021 at 5:39 PM WASHINGTON: The cyberattack that shut down the major East Coast pipeline for gas and other fuels comes after years of repeated warnings to industry — some as recent as the past two weeks. The attack has had the greatest impact ever on US critical infrastructure, cybersecurity experts say. Details are still emerging. Colonial Pipeline, which owns and operates the pipeline, issued a statement today saying it is dedicating “vast resources to ...

Feds Say a Lack of Reporting Poses Barrier to Cyber Defense Federal ransomware-fighting efforts are held back when corporate victims don’t report or accept their help. A U.S. Chamber of Commerce-convened panel examined the concerns that keep SMBs from reaching out. May 10, 2021 •  Screenshot U.S. Chamber of Commerce Virtual Event The Department of Homeland Security (DHS) is making fighting ransomware a top priority, but law enforcement can struggle to g...

Major US fuel pipeline system shut down after ransomware attack A major U.S. fuel pipeline system has been shut down following a ransomware attack. The pipeline system, owned and operated by the Colonial Pipeline Co., carries more than 100 million gallons of gasoline, diesel, home heating fuel and jet fuel a day and links refineries in Texas to New York via the East Coast. In a statement today, Colonial Pipeline said that the ransomware attack first hit the company Fr...

CBDC Paper Released, NY DFS Grants License, Study Cites Crypto Adoption By: The Digital Dollar Project, a partnership created by the Digital Dollar Foundation, released a white paper this week highlighting use cases for a U.S. central bank digital currency (CBDC, or a digital dollar) and proposing several pilot programs for the technology. The pilot programs highlight applications of a digital dollar for various types of consumers, ranging from underbanked consumers to large financial market in...