Nasdaq May 28 – U.S. energy companies are scrambling to buy more cyber insurance after this month’s attack on Colonial Pipeline COLPI.UL disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan to hike rates following a slew of ransomware attacks. Source: Nasdaq The Colonial ransomware attack on May 7 shut the largest fuel pipeline network
Fox Business The communications system used by shippers on the Colonial Pipeline, which transports more than 100 million gallons of fuel per day, nearly half of the East Coast’s supply, has been knocked offline. Source: Reuters “Our internal server that runs our nomination system experienced intermittent disruptions this morning due to some of the hardening efforts that are ongoing and part of
CNBC Gas prices have jumped more than 8 cents in the last week as the Colonial Pipeline shutdown disrupted a crucial artery in the U.S. petroleum industry. Source: CNBC The company said it began to restart operations around 5 p.m. ET Wednesday evening, and said Thursday morning that “product delivery has commenced in a majority” of markets. Colonial Pipeline is
Reuters WASHINGTON -The shutdown of the biggest U.S. fuel pipeline by a ransomware attack highlights a systemic vulnerability: Pipeline operators have no requirement to implement cyber defenses. Source: Reuters The U.S. government has had robust, compulsory cybersecurity protocols for most of the power grid for about 10 years to prevent debilitating hacks by criminals or state actors. But the
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
