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KKR & Co. L.P. (NYSE:KKR), ROYAL DUTCH SHELL PL (RYDAF) - Fuel Crisis Eases As Colonial Pipeline Returns To Normal After Ransomware Attack

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The Colonial Pipeline Co. said Saturday that it has returned its service to normal operations.
What Happened: The Colonial Pipeline Co. announced on Twitter that it had returned to normal operations days after it restarted its pipeline following last week s ransomware attack.
Gasoline shortages along the U.S. East Coast have begun to ease slightly as the company starts delivering millions of gallons per hour, and ships and trucks have been deployed to fill up dry storage tanks.
The company had halted all pipeline operations after learning about the cyberattack. The six-day pipeline shutdown triggered widespread panic-buying by U.S. motorists that left filling stations across the U.S. Southeast out of gas. ....

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Colonial Pipeline Paid Ransomware Hackers $5M In Cryptocurrency: Report

Colonial Pipeline Paid Ransomware Hackers $5M In Cryptocurrency: Report
Colonial Pipeline Co. paid nearly $5 million in untraceable cryptocurrency to the ransomware who shut down the nation’s largest fuel pipeline, according to a Bloomberg report sourcing “two people familiar with the transaction.”
What Happened: The payment was made on May 7, the day after the ransomware attack took place. Upon receiving their ransom, the hackers provided the decrypting tool needed to restore the Colonial Pipeline computer network that became imprisoned within their ransomware. However, the tool was reportedly so slow in working that the company used its own backups to speed the restoration of the system, according to Bloomberg. ....

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Koch Family and Some Foreign Pensions Control Colonial Pipeline

Koch Family and Some Foreign Pensions Control Colonial Pipeline
Posted on 05/12/2021
Colonial Pipeline is the operator of the biggest gasoline pipeline in the U.S. Colonial Pipeline ceased operations after a ransomware attack. Gas shortages have spread from Baltimore to Florida. North Carolina has been the state hardest-hit by fuel shortages.
With gas fuel shortages plaguing the Eastern U.S. states, Colonial Pipeline reportedly has no plans to pay rumored US$ 5 million-plus ransom to hackers who have paralyzed the key gas pipeline. U.S. President Joe Biden vows to get the fuel crisis “under control” with pressure mounting on his administration to do more. “I think this is something that demands really serious federal attention. This was essentially a cyberattack on critical infrastructure in our country,” Florida Governor Ron DeSantis said to the media. ....

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Colonial Pipeline shuts down after cyber attack

Colonial Pipeline shuts down after cyber attack
5/9/2021
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 industry sources said was caused by ransomware.
The company 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.
Colonial shut down systems to contain the threat after learning of the attack on Friday, it said in a statement. That action has temporarily halted operations and affected some of its IT systems, the company said. ....

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U.S. government working to aid top fuel pipeline operator after cyberattack

U.S. government working to aid top fuel pipeline operator after cyberattack
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