Cybersecurity
The scale of the recent Colonial Pipeline ransomware attack demonstrates why cyber risk should be assessed as a business risk by organizations’ C-suite, going beyond the narrower view of IT/OT network risk.
Fuel is being delivered to the US East Coast again after hackers infiltrated the company’s operation. Colonial reportedly paid a $5-million ransom.
Colonial Pipeline shuttered its East Coast fuel pipeline system as data were hacked and held for ransom.
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Switching to remote working because of the coronavirus can create cybersecurity problems for employers and employees. Here are some things to watch. -
More energy and engineering companies participate in second Industrial VR/AR Forum.
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A recent ransomware attack caused a US natural gas compressor facility to shut for 2 days, the latest in a string of attacks targeting the country’s energy infrastructure over the past few years.
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Saudi Aramco has seen an increase in attempted cyberattacks since the final quarter of 2019, which the company has so far successfully countered, the state oil giant’s chief information security officer said.
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Iranian state-sponsored hackers reportedly have deployed a new strain of data-wiping malware on the network of Bapco, Bahrain's national oil company.
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Companies should disclose instances of cyber-enabled intellectual property theft. Disclosure requirements would give companies greater incentives to protect their intellectual property and allow investors to make better-informed decisions.
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The vigilante hacker has offered the reward for hacktivists and criminals who break into capitalist institutions.
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The ransomware attack that began over the weekend is reportedly still affecting the national oil company’s payment systems, which may have wider impacts on its supply chain. For now, the company says its upstream and downstream operations are running normally.
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The Houston FBI held a classified meeting to help energy companies protect themselves from the growing threat of cyberattacks.
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Most companies have known for a while that they benefit when the parties that manage their networks cooperate. Beyond benefiting the business, however, this cooperation of open communication between the different sectors can help the people tasked to manage the security of those networks.
