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Colonial Pipeline paid a $5M ransom – but will that only invite other malware hacks?: 'If the payments stop, the attacks will stop'


Colonial Pipeline paid a $5M ransom – but will that only invite other malware hacks?: If the payments stop, the attacks will stop
Dennis Wagner, USA TODAY
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The reported ransom payment by a beleaguered U.S. oil pipeline company to cyber hackers may spur even more criminal malware attacks on critical U.S. targets, according to cybersecurity experts, and could fuel calls for a ban on such payments.
The critiques stem from a decision by Colonial Pipeline, a gasoline delivery company, to pay more than $5 million for control of its computer system from a criminal syndicate known as Darkside. ....

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Moriarty: Interior scraps Trump's new Arctic safety, enviro updates - May 16, 2021


Providing coverage of Alaska and northern Canada s oil and gas industry
Moriarty: Interior scraps Trump’s new Arctic safety, enviro updates
Kay Cashman
Petroleum News
In the current administration’s “eagerness” to do away with Trump’s policies, politics have dictated what should be a scientific process, Kara Moriarty told Petroleum News regarding the U.S. Interior Department May 7 decision not to pursue the former administration’s proposal for changes in Arctic drilling rules offshore Alaska.
A May 7 statement from Interior said existing regulations released by the Obama administration in 2016 remain in effect and “are critical to ensuring adequate safety and environmental protections for this sensitive ecosystem and Alaska Native subsistence activities.” ....

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Cyberattacks are the "perfect weapon," energy exec says amid Colonial Pipeline hack fallout


CBS News
Cyberattacks are the perfect weapon, energy exec says amid Colonial Pipeline hack fallout
The massive hack of Colonial Pipeline by a Russian-based criminal group has rattled the United States national security sphere and spurred financial concerns as millions of Americans rush to their local gas pump and there s probably more coming, a top energy executive warns.
This is a story about the rise in cyber attacks. I mean, it s the perfect weapon, as David Sanger says, it s a short-of-war weapon, Helima Croft, a member of the National Petroleum Council and the Global Head of Commodity Strategy at RBC Capital Markets, said on CBS This Morning Wednesday. We are talking about an energy story this week. The question is will we be talking about, you know, the electricity supply, will we be talking about the water supply. So I think, again, this is a story about energy this week, about gas lines, but the cyber story and story of cyberattacks is not going to go ....

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