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The ransomware attack against Colonial Pipeline, which has disrupted the flow of gasoline and other petroleum products throughout the eastern U.S. since Friday, is

By Eduard Kovacs on May 12, 2021 Colonial Pipeline, the largest refined products pipeline in the United States, last week revealed that it was forced to shut down operations after being hit by a piece of ransomware. The attack, which involved the Darkside ransomware, had significant implications, including states declaring a state of emergency, temporary gas shortages caused by panicked motorists stocking up over fears of gas shortages caused by the hack, and gas prices rising. Darkside has been linked to Russia, but the hackers said they only wanted to make a profit and denied any governmen...

An aerial view of a Colonial Pipeline tank farm. A cyberattack that forced company to pause operations has cybersecurity experts questioning what tactics the U.S. government can take to deter cybercriminals. (Colonial Pipeline) The cyberattack on the Colonial Pipeline spurred a clear message from the White House Monday that the onus lies with critical infrastructure owners and operators to secure their own networks. That leaves some demanding more from government to deter cybercriminals by placing increased pressure upon nations that choose to harbour the attackers. DarkSide, the affiliate ra...

Experts suggest French insurer AXA's plan to shun ransomware payouts will set a precedent This photograph taken on April 26, 2021 in Paris shows a physical imitation of the Bitcoin cryptocurrency displayed on foreign bank notes. (Photo by Martin BUREAU / AFP) (Photo by MARTIN BUREAU/AFP via Getty Images) Share May 10, 2021 | CYBERSCOOP When French insurer AXA signaled last week that it would no longer write new cyber-insurance policies covering  extortion payouts to criminals, ransomware and cyber insurance experts had two reactions. They wondered why it took so long, an...

FBI Blames DarkSide on Colonial Pipeline Cyberattack May 11, 2021 06:23 GMT   ·  Comment      Colonial Pipeline Ransomware The operator of a major U.S. fuel pipeline (Colonial Pipeline), that was recently hit by a cyberattack, stated on Monday that it expects services to be mostly restored by the end of the week. FBI and administration officials managed to identify the perpetrators as a gang of criminal hackers.  Colonial Pipeline, which transports about 45% of the fuel consumed on the East Coast, shut down operations last week after discovering a ransomware attack that had af...