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Financial Daily Dose 6.11.2021 | Top Story: CPI Jumps 5% in May; Officials Urge Long View | Robins Kaplan LLP

Thursday’s highly anticipated Consumer Price Index update showed that prices “rose in May at the fastest rate since 2008, a bigger jump than economists had expected.” The 5% increase. ....

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Joe Biden executive order aims to improve cybersecurity

President Biden on Wednesday signed an executive order intended to improve the nation's cybersecurity in the wake of a devastating attack on a major oil pipeline. ....

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Ransomware attacks could reach 'pandemic' proportions. What to know after the pipeline hack.

Ransomware attacks could reach ‘pandemic’ proportions. What to know after the pipeline hack.
Meryl Kornfield, Hannah Knowles
© Logan Cyrus/AFP/Getty Images
An Out Of Service bag covers a gas pump as cars continue line up for the chance to fill their gas tanks at a Circle K gas station near uptown Charlotte on May 11, 2021, following a ransomware attack that shut down the Colonial Pipeline. (Photo by Logan Cyrus / AFP)
A cybersecurity expert warned U.S. lawmakers last week that the world was on the cusp of a “pandemic of a different variety.”
Christopher Krebs, who formerly headed the Cybersecurity and Infrastructure Security Agency at the Department of Homeland Security, testified Wednesday before the House Committee on Homeland Security that a form of malware called ransomware has become more prevalent than ever before. Given an ever-widening criminal enterprise and vulnerable digital landscape, he said, critical infrastructu ....

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Ransomware attacks: What you need to know - The Washington Post

Ransomware attacks: What you need to know - The Washington Post
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

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Colonial Pipeline, targeted by ransomware attack, says service could be 'substantially' restored by week's end

Governors Wind Energy Coalition
Colonial Pipeline, targeted by ransomware attack, says service could be ‘substantially’ restored by week’s end
Source: By Will Englund, Ellen Nakashima and Taylor Telford, Washington Post • Posted: Monday, May 10, 2021
Fallout from the massive cyberattack may have regional repercussions in the Southeast if repairs drag on.
Holding tanks are seen at Colonial Pipeline’s Linden Junction Tank Farm in Woodbridge, N.J. Some 5,500 miles of Colonial pipeline transports 45 percent of the fuel consumed on the East Coast, reaching 50 million Americans and several major airports. (Colonial Pipeline/Via Reuters)
The Colonial fuel pipeline running from Houston to New Jersey could be “substantially” restored to service by the end of the week after a ransomware attack caused it to be shut down, the company that runs it said Monday. ....

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