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The Straits Times A Colonial Pipeline facility in Baltimore, Maryland on May 10, 2021.PHOTO: EPA-EFE PublishedMay 11, 2021, 11:34 am SGT https://str.sg/Jtjv They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News Tablet worth $398. Let's go! Spin the wheel for ST Read...

At least two dozen unnamed companies were also affected, according to reports They were helped by other companies and US agencies, Bloomberg said Monday Gas stations from Florida to Atlanta to Virginia were closing their pumps Monday evening due to a fuel shortage brought on by the Colonial Pipeline hack   Officials have warned the attack shows how vulnerable the US is to cyberattacks Biden said Monday: 'We need to invest to safeguard our critical infrastructure' Energy Secretary Jennifer Granholm said the attack 'tells you how utterly vulnerable we are' to cyberattacks on U.S. infrastruct...

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...

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One of the largest cybersecurity attacks on US infrastructure devastated a fuel pipeline and cut oil supplies to much of the East Coast. The ransomware attack on the Colonial Pipeline, the US's largest fuel pipeline, took the company offline and could see petrol prices rise if the situation is not resolved in the next few days. The hacker group responsible, DarkSide, believed to be based in Russia, issued an apology on Monday, saying its goal was not in "creating problems for society" but "to make money". But the disruption has become a geopolitical issue. President Joe Biden said there was n...