What IT security teams can learn from the Colonial Pipeline ransomware attack
In May, news broke of a DarkSide ransomware attack on Colonial Pipeline, a major U.S. fuel pipeline that supplies roughly 45 percent of the East Coast’s diesel, gasoline and jet fuel. In response to the attack, the company shut down its pipeline for several days, causing mass disruption in America. Colonial Pipeline CEO Joseph Blount’s testimony at a House Homeland …
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Colonial Pipeline attack reveals the real-world impact of cybercrime
For many people, the recent ransomware attack on the Colonial Pipeline, a major supplier of petroleum products to the Eastern U.S., demonstrated the serious damage that these kinds of attacks can do. In many past ransomware attacks, individual companies may have lost data, if they didn’t pay the ransom, but the greater public was largely immune to the effects. In …
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Colonial Pipeline attack began with compromised account credentials
The Colonial Pipeline ransomware attack, which saw one of the largest pipelines in the US shut down its servers and raised the price of oil to $3 per gallon, began with a compromised VPN account, investigators have found. As reported by multiple media sources, including The Verge, the VPN service the company used did not have two-factor authentication set up. …
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