Colonial Pipeline Hacking Is Only Beginning Until The US Responds Correctly

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Gasoline consumers of Louisiana were fortunate to not be impacted by the ransomware hack of Colonial Pipeline Company’s billing software on May 7. Major airports in North Carolina and Georgia were not so lucky; neither were the automobile users of several southeastern states who faced higher gas prices because Colonial Pipeline had to shut down its operations. JBS, the largest beef processing company in the United States, was also disrupted. DarkSide, a cybercriminal entity located in Eastern Europe, was behind the hack. Both companies had to pay ransom money using cryptocurrency to restore their computers.

DarkSide may not work directly under Russian intelligence agencies, but it almost certainly has their blessings. Biden is so convinced of Russia’s involvement that his administration included a condemnation and warning against Russia in the joint communiqué of G-7 summit.

Colonial Pipeline has a significant stake in Louisiana’s economy because it runs through the state. It collects and distributes gasoline, diesel and jet fuel produced by Louisiana refineries. President Joe Biden issued a stern warning to DarkSide and its facilitator, President Vladimir Putin, of Russia. DarkSide admitted its involvement while Putin claimed innocence.

Late last year, Cozy Bear, working directly under Russian intelligence agencies, launched a cyberattack on a software update administered by SolarWinds for U.S. government agencies and private corporations. Then-President Donald Trump deflected the blame from Russia to China. President-elect Biden chose instead to be critical of Russian behavior, and planned to allocate significant resources to combat cyber (and other) security threats. In March, $10 billion for cyber security and information technology was included in his American Rescue Plan Act of 2021.

 

News Summary:

  • Colonial Pipeline Hacking Is Only Beginning Until The US Responds Correctly
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