https://news.yahoo.com/cyber-attack-shuts-down-top-053459170.html Colonial Pipeline, which operates the largest gasoline pipeline in the country, was forced to shut down operations on Friday due to a ransomware attack. "On May 7, the Colonial Pipeline Company learned it was the victim of a cybersecurity attack," the company said in a statement posted on its website. The cyber-attack may cause disruption to fuel supply across the US, given the size of the affected company. The official said the administration is proactively reaching out across the sector to ensure that they have protections in place that can detect similar attacks. This is a breaking news story. At this time, our primary focus is the safe and efficient restoration of our service and our efforts to return to normal operation. Futures jumped 1.5% Monday, the largest movement in about a … Trump presidency was ‘worst four years’ ever for GOP, Republican governor says, Biden news: US told more attacks coming after pipeline hack as GOP lawmaker likens party to Titanic, Biden to discuss Russian ransomware hackers with Putin and suggests Moscow bears ‘some responsibility’, Tom Brady changes profile photo to Bitcoin laser eyes. The operator, Colonial Pipeline, said it had halted systems for its 5,500 miles of pipeline after being hit by a ransomware attack. Colonial's network supplies fuel from U.S. refiners on the Gulf Coast to the eastern and southern U.S. and transports 2.5 million barrels a day of gasoline, diesel, jet fuel and other products through 5,500 miles of pipelines, the company said. The attack by hackers last week has forced the US government to pass emergency legislation while oil prices in the country increased. A cyber attack on Friday caused a major U.S.fuel pipeline to temporarily halt operations as officials work to mitigate the threat. The attack is unlikely to affect gasoline supply and prices unless it leads to a prolonged shutdown of the pipeline, experts said. The attack on the Colonial Pipeline could exacerbate the upward pressure on prices if it is unresolved for a period of time. Cyber attack cripples gas pipeline, fossil fuel expected to dry up within days. "In response, we proactively took certain systems offline to contain the threat, which has temporarily halted all pipeline operations, and affected some of our IT systems," it said. Top U.S. fuel pipeline operator Colonial Pipeline has shut its entire network after a cyber attack, the company said in a statement on Friday. A New COVID Dilemma: What to Do When Vaccine Supply Exceeds Demand? Colonial Pipeline is working to restore operations after a cyber-attack prompted the company to take its systems offline, threatening the supply of refined petroleum products to gas stations in major cities on the U.S. eastern seaboard. Cyber attack shuts down US fuel pipeline ‘jugular ... we are likely to see more frequent attacks on industrial systems like oil and gas pipelines or water treatment plants,” Pipikaite added. The recent cyber-attack on the US major oil and gas pipeline could become one of the most expensive attacks to an economy. Here are six principles to improve the cybersecurity of critical infrastructure. Federal officials are continuing to firm up their findings and are actively trying to determine whether a foreign nation could either be behind the attack or working together with the criminals. The attack prompted calls from cybersecurity experts for improved oversight of the industry to better prepare for future threats. The shutdown will affect other pipeline operations such as the Buckeye and Twin Oaks Pipeline, which runs through the New York City-Long Island area and Maine, FEMA said. "Unless cybersecurity measures are embedded in a technology's development phase, we are likely to see more frequent attacks on industrial systems like oil and gas pipelines or water treatment plants.". In years past Forbes has reported that the Koch family made more than $85 million a year off the pipeline. by Amanda Rapace • May 9, 2021 • 0 Comments. Colonial Pipeline, which carries 45% of the fuel consumed on the U.S. East Coast, on Saturday said it halted operations due to a ransomware attack, once again demonstrating how infrastructure is vulnerable to cyber attacks. 'We May Not Have a Full Two Years': Democrats' Plans Hinge on Good Health, The Biden administration is working with Colonial Pipeline to restore service 'quickly' after a ransomware attack on the country's top fuel pipeline operator, FBI says DarkSide is behind pipeline ransomware attack, The hackers that attacked a major US oil pipeline say it was only for money - here's what to know about DarkSide, Colonial Pipeline says it aims to 'substantially' restore service by end of week after ransomware attack, Ransomware attacks hit 'under-resourced' city governments hardest, says cybersecurity expert whose kids' school was shut down by hackers for 4 days, Colonial says it expects to 'substantially' restore operational service by end of week, U.S. Southeast braces for fuel price rises after pipeline shutdown, Here’s what the Colonial Pipeline cyberattack means for energy markets, Biden says no evidence Russian government was involved in pipeline hack. 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