Experts say cyberattack on US pipeline is a wake-up call

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The shutdown of a vital US pipeline because of a ransomware attack stretched into a third day on Sunday (May 9), with the Biden administration ...

stretched into a third day on Sunday , with the Biden administration saying an “all-hands-on-deck” effort is underway to restore operations and avoid disruptions in gasoline supply.

DarkSide is among ransomware gangs that have “professionalised” a criminal industry that has cost Western nations tens of billions of dollars in losses in the past three years. Colonial did not say whether it has paid or was negotiating a ransom, and DarkSide neither announced the attack on its dark web site nor responded to an Associated Press reporter’s queries. The lack of acknowledgement usually indicates a victim is either negotiating or has paid.

Cyberextortion attempts in the US have become a death-by-a-thousands-cuts phenomenon in the past year, with attacks on hospitals forcing delays in cancer treatment, interrupting schooling and paralyzing police and city governments. David Kennedy, founder and senior principal security consultant at TrustedSec, said that once a ransomware attack is discovered, companies have little recourse but to completely rebuild their infrastructure, or pay the ransom.

 

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