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Colonial Pipeline has cyber insurance policy - sources


EnergyColonial Pipeline has cyber insurance policy - sources
Reuters
2 minute read
A line of vehicles proceeds towards a Wawa gas station, after a cyberattack crippled the biggest fuel pipeline in the country, run by Colonial Pipeline, in Tampa, Florida, U.S., May 12, 2021. REUTERS/Octavio Jones
Colonial Pipeline has cyber insurance arranged by broker Aon (AON.N), with Lloyd s of London insurers AXA XL (AXAF.PA) and Beazley (BEZG.L) among the underwriters, three sources told Reuters on Thursday.
Colonial Pipeline has begun to restart the nation s largest fuel pipeline network after a ransomware attack shut the line, triggering fuel shortages and panic buying in the southeastern United States. read more ....

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Should Colonial Pipeline have paid a ransom to DarkSide hackers? — Quartz


May 14, 2021
It cost just under $5 million for Colonial Pipeline, the company that operates the largest fuel pipeline in the US, to pay off a gang of cybercriminals that hacked its servers, shut off the flow of oil and gas, and disrupted fuel supplies across the east coast. The company caved to hackers’ ransom demands within hours of the attack, Bloomberg News reported.
In a ransomware attack, criminals encrypt a company’s data and demand an extortion payment in exchange for a special key that will restore the company’s access to its files. Colonial Pipeline’s decision to pay the hackers flies in the face of most official recommendations. US policy and the standing advice of many other national governments and intelligence agencies is clear: Companies should not pay ransoms to hackers. ....

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Colonial Pipeline Pays 75 Bitcoin In Hack - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides


May 14, 2021
Major U.S. oil pipeline system Colonial Pipeline paid a requested 75 bitcoin ransom to hackers who took control of its data last week.
Colonial Pipeline has paid 75 BTC (around $5 million at the time of writing) to recover data stolen in a ransomware attack committed by hacker group DarkSide, reported
.
Colonial is the largest pipeline system for refined oil products in the U.S. The system runs from Texas to New Jersey and spans 5,500 miles, transporting around 45% of fuel consumed on the East Coast. However, the ransomware attack forced the company to shut down the entire pipeline, halting its distribution services to many U.S. states and triggering gas price rises across the country. ....

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Cybercriminal Group Blamed for Colonial Pipeline Hack Says It Is Disbanding


Cybercriminal Group Blamed for Colonial Pipeline Hack Says It Is Disbanding
DarkSide, which operates ransomware as a service, announced Thursday they were stopping operations.
In an announcement in Russian, the group said they lost access to part of its infrastructure, along with some of their financial assets, after an apparent raid by law enforcement authorities.
Affiliates that use DarkSide’s ransomware were told they will be given tools so victims can regain access to data that attackers held hostage in return for payment.
“In view of the above and due to the pressure from the US, the affiliate program is closed. Stay safe and good luck. The landing page, servers, and other resources will be taken down within 48 hours,” the announcement read, according to a translation by Intel 471, a group of intelligence operators. ....

New York , United States , White House , District Of Columbia , Krasnodarskiy Kray , Robert Lee , Joe Biden , Colonial Pipeline Company In Linden , Justice Department , Colonial Pipeline , Times Photo , Colonial Pipeline Company , Digital Shadows , Cyber Attack , Dark Side , The Epoch Times , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , வெள்ளை வீடு , மாவட்டம் ஆஃப் கொலம்பியா , ராபர்ட் லீ , ஓஹோ பிடென் , காலனித்துவ குழாய் நிறுவனம் இல் லிண்டன் , நீதி துறை , காலனித்துவ குழாய் , முறை புகைப்படம் ,

Biden signs cybersecurity executive order after Colonial Pipeline attack


TechnologyBiden cybersecurity order mandates new rules for govt software
Christopher BingNandita Bose
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U.S. President Joe Biden delivers remarks on the April jobs report from the East Room of the White House in Washington, U.S., May 7, 2021. REUTERS/Jonathan Ernst/File Photo
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President Joe Biden on Wednesday ordered the creation of an air accident-style cyber review board and the imposition of new software standards for government agencies following a spate of digital intrusions that have rattled the United States.
The executive order’s initiatives include the creation of a organization that would investigate major hacks along the lines of National Transportation Safety Board inquiries that are launched after plane crashes. They also include the imposition of new security standards for software bought by government agencies - a requirement first reported by Reuters in March. ....

United States , Mark Warner , Joe Biden , Thomson Reuters Trust Principles , Senate Intelligence Committee , Colonial Pipeline , Atlanta Based Colonial , Thomson Reuters Trust , ஒன்றுபட்டது மாநிலங்களில் , குறி எச்சரிக்கை , ஓஹோ பிடென் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , செனட் உளவுத்துறை குழு , காலனித்துவ குழாய் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,