News
CEOs urged to “step up” their game as cybercrime rises
Energy CEOs and government need to “step up” their game
Pipeline cyberattack
This comes after the recent cyberattack on the US’ largest fuel pipeline.
A top federal energy regulator says the cybercrime was “a real wake-up call.” He also said executives must “do a deep dive review of their security posture and protocols.”
The Colonial Pipeline supplies 50 percent of diesel and gas supplies to the country’s East Coast.
Russian criminal group “DarkSide” is believed to be behind the hack, with the White House placed on “red alert”.
It comes as the group says that it never meant to cause chaos. They say they only wanted money, in a sign that the original plan went wrong.
State of emergency
Following the cyberattack, the US government declared a state of emergency.
The cyrbercrime also forced the company to halt all pipeline operations.
Hackers seized almost 100 gigabytes of data in the attack. They threatened to leak it onto the internet unless they received a payment.