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A ransomware attack forces the largest fuel pipeline in the United States to shut down

On Monday, September 19, 2016, a sign will appear on the fence of Colonial Pipeline’s Peram Junction and Tank Farm in Peram, Alabama, USA.

Luke Charlett | Bloomberg | Getty Images

Country’s Top Fuel Pipeline Operator Colonial Pipeline Victim of cybersecurity attack The company used ransomware on Friday and was forced to temporarily suspend all pipeline operations, it said in a statement on Saturday.

The company hired a third-party cybersecurity company to initiate an investigation into the case and contacted law enforcement and other federal agencies. Cyber ​​attacks are also affecting some IT systems.

“We are taking steps to understand and resolve this issue,” said the Colonial Pipeline, which transports nearly half of the East Coast’s fuel supply.

“At this point, we are focusing on safe and efficient restoration of services and efforts to bring them back to normal operation,” the company said in a statement.

“This process is already underway and we are working hard to address this issue and minimize disruption to our customers and those who rely on our colonial pipeline,” the company said. Told.

The Colonial Pipeline is the country’s largest refined product pipeline, transporting 100 million gallons or 2.5 million barrels per day, according to its website. The system spans more than 5,500 miles between Texas and New Jersey.

Refined products include gasoline, diesel, household kerosene, and jet fuel.

The Federal Energy Regulatory Commission, which oversees the interstate pipeline, said it was aware of cyberattacks and was monitoring the situation.

“We are aware of what appears to be a serious cyberattack on the colonial pipeline system,” Richard Glick said in a statement to CNBC. “FERC is in contact with other federal agencies and works closely with them to monitor development.”

Biden administration in April Announced 100-day plan To protect the country’s electrical system supply chain from cyberattacks amid growing concerns about how vulnerable the US power supply is to cyber threats.

A spokesperson for the US Department of Energy said the ministry is coordinating with colonial pipelines, the energy sector, state and inter-ministerial partners to support response efforts.

“DOE is also working closely with the Energy Sector Coordination Council and the Energy Information Sharing and Analysis Center to monitor potential impacts on energy supply,” a spokesman told CNBC.

Andy Lipow, president of Texas-based Lipow Oil Associates, said a 1-2 day outage would cause some inconvenience and a more widespread effect after a 4-5 day shutdown.

Sporadic outages can also occur if a particular device relies on today’s or tomorrow’s delivery, which is currently delayed, Lipow said.

“Unlike the February freezes and hurricanes, refineries operate by converting crude oil to gasoline, jets and diesel. They can’t deliver it to the terminal,” Lipou said. “Prolonged colonial pipeline outages and refinery inventories fill up refineries need to reduce utilization.”

“They may not be able to ship it to the colonial, but refineries will certainly be able to continue shipping to the Midwestern market,” Lipou said.

The colonial pipeline is kept private by five entities: CDPQ Colonial Partners, LP. IFM (US) Colonial Pipeline 2, LLC; KKR-Keets Pipeline Investors, LP; Koch Capital Investments Company, LLC; and Shell Midstream Operating, LLC.

A ransomware attack forces the largest fuel pipeline in the United States to shut down

Source link A ransomware attack forces the largest fuel pipeline in the United States to shut down

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