Attack on pipeline reveals vulnerabilities
Colonial Pipeline hopes to restore services by the end of the week after it was hit by a ransonware attack by Russian criminals.
Hit by a cyberattack, the operator of a major U.S. fuel pipeline said Monday it hopes to have services mostly restored by the end of the week as the FBI and administration officials identified the culprits as a gang of criminal hackers.
Colonial Pipeline, which delivers about 45% of the fuel consumed on the East Coast, halted operations last week after revealing a ransomware attack that it said had affected some of its systems. On Monday, U.S. officials sought to soothe concerns about price spikes or damage to the economy by stressing that the fuel supply had so far not been disrupted, and the company said it was working toward “substantially restoring operational service” by the weekend.
The attack underscored the vulnerabilities of the nation’s energy sector and other critical industries whose infrastructure is largely privately owned. Ransomware attacks are typically carried out by criminal hackers who scramble data, paralyzing victim networks, and demand large payments to decrypt it.
The Colonial attack was a potent reminder of the realworld implications of the burgeoning threat. Even as the Biden administration works to confront organized hacking campaigns sponsored by foreign governments, it must still contend with difficult-to-prevent attacks from cybercriminals.
“We need to invest to safeguard our critical infrastructure,” President Joe Biden said Monday.
The attack came as the administration, still grappling with its response to massive breaches by Russia, works on an executive order aimed at bolstering cybersecurity defenses.