Displaying items by tag: Colonial Pipeline Company

GUEST OPINION: Bitglass founder and CEO Nat Kausik has warned that the SolarWinds attack illustrates how crucial it is to break free from single vendor security infrastructure such as Microsoft, and why it is essential to stack security tech infrastructure to mitigate against attacks.

Since grabbing headlines in early May, the high profile ransomware incident impacting the US oil pipeline system Colonial Pipeline has attracted significant attention from both media and information security spaces, given the event’s scope and impact.

The executive order on cyber security issued by the US on Thursday will be judged by whether it can stop the next attack similar to the Colonial Pipeline attack or the SolarWinds supply chain fiasco, the head of a security firm says.

ANALYSIS Claims that the Colonial Pipeline Company paid US$5 million as a ransom to the group behind the DarkSide Windows ransomware after it was attacked on 7 May need to be taken with a pinch of salt, seeing as the report was an "exclusive" from Bloomberg.

The affiliate of ransomware operator DarkSide, the Windows malware that was used to attack the US Colonial Pipeline Company, appears to have taken on a target that was outside the parameters set down by the operator, judging from a statement made by the operator on its site on the dark web.

Three days after it suffered a Windows ransomware attack, the Colonial Pipeline Company, which is headquartered in Alpharetta, Georgia, appears to be slowly limping back to resuming operations, though many systems still remain shut.