How the Colonial Pipeline hack could affect gas supplies, prices: Explainer
Updated May 11, 2021;
Posted May 11, 2021
Fuel holding tanks are seen at Colonial Pipeline s Linden Junction Tank Farm on Monday, May 10, 2021 in Woodbridge, New Jersey. (Michael M. Santiago/Getty Images/TNS)TNS
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By FRANK BAJAK AND CATHY BUSSEWITZ, The Associated Press
NEW YORK (AP) A cyberattack on a critical U.S. pipeline is sending ripple effects across the economy, highlighting cybersecurity vulnerabilities in the nation’s aging energy infrastructure. The Colonial Pipeline, which delivers about 45% of the fuel used along the Eastern Seaboard, shut down Friday after a ransomware attack by gang of criminal hackers that calls itself DarkSide. Depending on how long the shutdown lasts, the incident could impact millions of consumers.
Why the Colonial Pipeline hack matters, and how it could impact you at the pump
Associated Press
Updated on:May 11, 2021, 7:26am EDT
A cyberattack on a critical U.S. pipeline is sending ripple effects across the economy, highlighting cybersecurity vulnerabilities in the nation’s aging energy infrastructure. The Colonial Pipeline, which delivers about 45% of the fuel used along the Eastern Seaboard, shut down Friday after a ransomware attack by gang of criminal hackers that calls itself DarkSide. Depending on how long the shutdown lasts, the incident could impact millions of consumers.
WHAT HAPPENED TO THE COLONIAL PIPELINE?
Colonial Pipeline, the owner, halted all pipeline operations over the weekend, forcing what the company called a precautionary shutdown. U.S. officials said Monday that the “ransomware” malware used in the attack didn’t spread to the critical systems that control the pipeline’s operation. But the mere fact that it could have done so alarmed outside
EXPLAINER: Why the Colonial Pipeline hack matters
This article is provided courtesy of the Associated Press.
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NEW YORK (AP) A cyberattack on a critical U.S. pipeline is sending ripple effects across the economy, highlighting cybersecurity vulnerabilities in the nation’s aging energy infrastructure. The Colonial Pipeline, which delivers about 45% of the fuel used along the Eastern Seaboard, shut down Friday after a ransomware attack by gang of criminal hackers that calls itself DarkSide. Depending on how long the shutdown lasts, the incident could impact millions of consumers.
Article continues below.
WHAT HAPPENED TO THE COLONIAL PIPELINE?
Colonial Pipeline, the owner, halted all pipeline operations over the weekend, forcing what the company called a precautionary shutdown. U.S. officials said Monday that the “ransomware” malware used in the attack didn’t spread to the critical systems that control the pipeline’s operation. But the mere fact that it
Con Edison s CEO Timothy Cawley To Speak At Citi 2021 Global Energy And Utilities Virtual Conference
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NEW YORK, May 11, 2021 /PRNewswire/ Timothy Cawley, chief executive officer of Consolidated Edison, Inc. (NYSE: ED), will participate in the Citi 2021 Global Energy & Utilities Virtual Conference on Wednesday, May 12 at 8:40 a.m. (Eastern Daylight Time).
A live audio webcast and replay of the presentation will be available at https://kvgo.com/citi-global-energy-utilities/consolidated-edison-may-2021. The link will also be posted at the Con Edison Investor Relations website at https://investor.conedison.com/presentations-webcasts.
Consolidated Edison, Inc. is one of the nation s largest investor-owned energy-delivery companies, with approximately $12 billion in annual revenues and $62 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidia