US cyber-attack causes shutdown of major energy pipeline – here’s what we know

Earlier this week it was reported that 5,500 miles of pipeline stretching from Texas to New York had undergone a complete shutdown following a cyber attack.

The pipeline, which is responsible for transporting 45% of the East Coast’s gasoline, jet fuel and diesel, was the victim of a ransomware attack.

Ransomware is a form of software which, when unintentionally downloaded, encrypts the victim’s data. The criminal then demands ransom, usually in the form of payments, to release the software decryption keys.

While those in the energy industry are being encouraged to take new measures to prevent cyber-attacks, it’s important to take these steps regardless of what industry you work in.

Last year, our national partner Redstor compiled a White Paper detailing some of the key ways to protect your business from Ransomware attacks, as well as the importance of having cyber-security conversations with company CEOs and FDs. You can read the White Paper here.

For further information on cyber security for your business speak to a member of our team today and sign up for our FREE membership package.