BY THE EDITORIAL PAGE STAFF OF THE FREE LANCE-STAR
THE CONVENTIONAL wisdom that you donât pay ransom money because it just rewards the kidnappers and encourages them to do it again is apparently out the window when it comes to computerized kidnapping of major infrastructure.
Bloomberg first reported last Thursday that the Georgia-based Colonial Pipeline Co. paid hackers $5 million in untraceable cryptocurrency after they shut down the nationâs largest gas pipeline, forcing major gasoline and jet fuel shortages along the entire East Coast. That included Virginiaâwhere GasBuddy reported that 52 percent of the commonwealthâs stations found themselves out of gas on Wednesday.
Colonial Restarts Operations Following Ransomware Attack
Compliance Twitter
Source: Flickr
Colonial Pipeline Co. announced Wednesday that the company had restarted its operations following a ransomware attack last Friday that had forced the firm to shut down its IT systems to keep the malware from spreading throughout its infrastructure.
The company says it restarted its operations around 5 p.m. Eastern Daylight Time on Wednesday. Before the announcement, Colonial had set a goal of week s end to bring some of its pipeline operations back online.
Following the announcement from Colonial, President Joe Biden signed an executive order Wednesday night that is designed to help strengthen the government s response to attacks such as this, as well as those involving SolarWinds and Microsoft Exchange servers.
Colonial Pipeline Restarts Operations Following Attack
Compliance Twitter
Colonial Pipeline Co. announced Wednesday that it had restarted its operations following a ransomware attack last Friday that forced the company to shut down its IT systems to keep the malware from spreading throughout its infrastructure.
The company says it restarted its operations around 5 p.m. EDT on Wednesday. Before the announcement, Colonial Pipeline had set a goal to bring some of its pipeline operations back online by week s end.
Following the Wednesday announcement, President Joe Biden signed an executive order designed to help strengthen the government s response to cyberattacks. President Biden signed an executive order to chart a new course to improve the nation’s cybersecurity. This incident demonstrates that federal agencies and the private sector must work collaboratively to learn the lessons of this incident, strengthen cybersecurity practices, and deploy technologies that increase res
Colonial Pipeline Attack: All Monsters Are Human
Compliance
SecurityEditor) • May 12, 2021
Sam Curry, CSO, Cybereason
In April, Cybereason published a blog describing its research into the DarkSide ransomware strain that infected Colonial Pipeline this past week. Sam Curry, CSO of Cybereason, shares insights on DarkSide and the tactics behind the new breed of ransomware attacks.
The significance of this attack;
What we know about DarkSide and the actors behind it;
Steps organizations can take to enhance ransomware defenses and response. Curry, CSO at Cybereason, previously served as chief technology and security officer at Arbor Networks. Prior to that role, he spent more than seven years at RSA (the security division of EMC) in a variety of senior management positions, including chief strategy officer and chief technologist and senior vice president of product management and product market
Colonial Pipeline Attack: All Monsters Are Human
Compliance
SecurityEditor) • May 12, 2021
Sam Curry, CSO, Cybereason
In April, Cybereason published a blog describing its research into the DarkSide ransomware strain that infected Colonial Pipeline this past week. Sam Curry, CSO of Cybereason, shares insights on DarkSide and the tactics behind the new breed of ransomware attacks.
The significance of this attack;
What we know about DarkSide and the actors behind it;
Steps organizations can take to enhance ransomware defenses and response. Curry, CSO at Cybereason, previously served as chief technology and security officer at Arbor Networks. Prior to that role, he spent more than seven years at RSA (the security division of EMC) in a variety of senior management positions, including chief strategy officer and chief technologist and senior vice president of product management and product market