Page 26 - Ransomware Task News Today

Brett Callow, a threat analyst with Nelson-based cyber-security company Emsisoft, said there would be implications for New Zealand. He has advocated for new laws making it illegal for businesses to pay or facilitate the payment of ransomware demands, saying the only way to stop ransomware attacks was to make them unprofitable. AP “I absolutely think this incident will represent a turning point,” Callow said. “Governments response to the worsening ransomware problem has really been un...

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...

Factbox - Five facts about ransomware attacks Reuters 6 days ago © Reuters/COLONIAL PIPELINE FILE PHOTO: Holding tanks are seen at a Colonial Pipeline facility in an undated photograph (Reuters) - A ransomware attack on top U.S. fuel pipeline operator Colonial Pipeline has brought attention to the growing area of cybercrime. Popular Searches What is ransomware? - Ransom software works by encrypting victims data; typically hackers will offer the victim a key in return for cryptocurrency p...

Ransomware Cyber Attack Forced the Largest U.S. Fuel Pipeline to Shut Down Colonial Pipeline, which carries 45% of the fuel consumed on the U.S. East Coast, on Saturday said it halted operations due to a ransomware attack, once again demonstrating how infrastructure is vulnerable to cyber attacks. "On May 7, the Colonial Pipeline Company learned it was the victim of a cybersecurity attack," the company said in a statement posted on its website. "We have since determined that this incident invol...

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By Justin Katz May 05, 2021 The Department of Homeland Security and the White House are putting the spotlight on combatting ransomware, actively developing plans to confront the issue. DHS has assembled a task force with representatives from the Cybersecurity and Infrastructure Security Agency, Secret Service, Coast Guard and Immigration and Customs Enforcements Homeland Security Investigations unit, according to Security Secretary Alejandro Mayorkas. The new task force is part of the secretary...