Colonial Pipeline’s CEO, Joseph Blount, confirmed Wednesday that the firm paid $4.4 million to ransomware attackers because executives were not sure how badly they affected the companies’ systems or how long it would take to re-start the pipeline. “I know that’s a highly controversial decision,” he told the Wall Street Journal. “I didn’t make it…
Think Gas Shortages Are Bad? Buckle Up
Commentary If the gas shortages plaguing the Southeast left you high and dry last week, buckle up. This is just a taste of our future under President Joe Biden’s energy policies. Though these shortages were largely driven by panic buying, rather than by actual supply constraints due to the Colonial Pipeline hack, they demonstrate just…
How to Prevent Another Colonial Pipeline
Some small-minded sages are chortling in America that people with electric cars don’t have to worry about the Colonial Pipeline, shut down by a cyber attack, because they can get their “gas” from the electric company. They go on to argue for more electric cars. Of course if it was the power company that was…
Fuel Shortages Ease as Colonial Pipeline Has Resumed ‘Normal Operations’
A major fuel pipeline in the Eastern U.S. has resumed “normal operations,” its operator announced on Saturday. “We have returned the system to normal operations, delivering millions of gallons per hour to the markets we serve,” Colonial Pipeline said in a statement. The Georgia-based firm initiated the restart of the approximately 5,500-mile pipeline, which stretches…
Fuel Shortages Ease as Colonial Pipeline Resumes ‘Normal Operations’
A major fuel pipeline in the Eastern U.S. has resumed “normal operations,” its operator announced on Saturday. “We have returned the system to normal operations, delivering millions of gallons per hour to the markets we serve,” Colonial Pipeline said in a statement. The Georgia-based firm initiated the restart of the approximately 5,500-mile pipeline, which stretches…
Supply Chain Chaos; What’s in a Teacher’s Gaze; GMO Mosquitoes Cause Concern
May 15, 2021
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We’re running out of a lot of things these days: toilet paper, micro chips, and most recently now gasoline. How are they connected? It all comes down to weak supply chains. Is it a sign of more to come? That’s what we ask our experts, Nada Sanders, distinguished professor of supply chain management at Northwestern…
Washington DC Running out of Gas, Even as Colonial Pipeline Recovers
WASHINGTON—Washington, D.C., was running out of gasoline on Friday, even as the country’s largest fuel pipeline network ramped up deliveries following a cyberattack and officials assured motorists that supplies would return to normal soon. The six-day Colonial Pipeline shutdown was the most disruptive cyberattack on record. Widespread panic buying continued two days after the pipeline…
Cybercriminal Group Blamed for Colonial Pipeline Hack Says It Is Disbanding
The cybercriminal outfit that U.S. authorities have said infiltrated the network of a major pipeline operator, leading to gas shortages and rising prices, is claiming that it is disbanding. DarkSide, which operates ransomware as a service, announced Thursday they were stopping operations. In an announcement in Russian, the group said they lost access to part…
Bipartisan Bill Seeks to Harden Critical Infrastructure Against Cyberattacks
May 14, 2021
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Rep. Elissa Slotkin (D-Mich.) and a bipartisan group of House lawmakers on Friday introduced a bill meant to make America’s critical systems more resilient against cyberattacks, as parts of the country continue to reel from last week’s Colonial Pipeline ransomware attack. Slotkin, a former CIA analyst and Pentagon official, announced the Cybersecurity and Infrastructure Security…
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Supply Chain Chaos; What’s in a Teacher’s Gaze; GMO Mosquitoes Cause Concern [Coming 5/15 6pm ET]
We’re running out of a lot of things these days: toilet paper, micro chips, and most recently now gasoline. How are they connected? It all comes down to weak supply chains. Is it a sign of more to come? That’s what we ask our experts, Nada Sanders, distinguished professor of supply chain management at Northwestern…