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Top US fuel pipeline operator Colonial Pipeline pushes to recover from cyberattack
Reuters
May 9 |
Updated on
May 09, 2021
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On Friday, Gasoline futures and diesel futures prices on the New York Mercantile Exchange rose due to the outage Top US fuel pipeline operator Colonial Pipeline worked on Sunday to recover from a ransomware cyberattack that forced it to shut down on Friday and sparked worries of a spike in retail gasoline prices.
Colonial said on Saturday it was continuing to monitor the impact of this temporary service halt and to work to restore service. It did not give an estimate for a restart date.
EnergyTop U.S. fuel pipeline operator pushes to recover from cyberattack
Reuters
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Holding tanks are seen at Colonial Pipeline s Linden Junction Tank Farm in Woodbridge, New Jersey, U.S. in an undated photograph. Colonial Pipeline/Handout via REUTERS.
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Colonial Pipeline, top U.S. fuel pipeline operator, continued work on Sunday to recover from a ransomware cyberattack that forced it to shut down on Friday and sparked worries of a spike in retail gasoline prices.
The incident is one of the most disruptive digital ransom operations ever reported and has prompted calls from American lawmakers to tighten up protection for critical U.S. energy infrastructure against hackers. read more
By Stephanie Kelly and Christopher Bing
NEW YORK (Reuters) -Top U.S. fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the U.S. East Coast’s fuel supply, after a cyber attack that involved ransomware.
The incident is one of the most disruptive digital ransom operations ever reported and has drawn attention to how critical U.S. energy infrastructure is vulnerable to hackers. A prolonged shutdown would cause prices to spike at gasoline pumps ahead of peak summer driving season.
Colonial transports 2.5 million barrels per day of gasoline, diesel, jet fuel and other refined products through 5,500 miles (8,850 km) of pipelines linking refiners on the Gulf Coast to the eastern and southern United States. It serves some of the country’s largest airports, including Atlanta’s Hartsfield Jackson Airport, the world’s busiest by passenger traffic.