Colonial Pipeline Co.'s CEO, Joseph Blount, said Wednesday that he authorized the payment of a $4.4 million ransom just hours after the company was hit by a DarkSide ransomware attack, telling The Wall Street Journal, "It was the right thing to do for the country."
The Colonial Pipeline ransomware attack was every CISO's nightmare. And Roger Caslow of HRSD has faced a similar nightmare before. Caslow and Amit Basu of International Seaways weigh in on this recent attack, its significance and how ransomware defenses must change.
In the past six months alone, we've seen the SolarWinds attack, the Microsoft Exchange Server exploits and the Colonial Pipeline ransomware strike. The threats are more imminent than ever. But Philip Reitinger of the Global Cyber Alliance believes strongly: We created this mess, and we can fix it.
As CISO of Johnson & Johnson, Marene Allison was used to gauging her security posture by the top threat activity: nation-state, cybercrime, insider or hacktivist. But in 2020, they all struck at once. Here is one CISO's take on the state of the industry.
After Health Service Executive, Ireland’s state health services provider, shut down all its IT systems serving hospitals in the wake of a ransomware attack early Friday, some security experts praised its decisive action and refusal to pay a ransom.
Some cybersecurity experts question the contentions of Speaker of the House Nancy Pelosi and another member of Congress, who say a $5 million ransom reportedly paid by Colonial Pipeline Co. after being hit by DarkSide ransomware would serve as a catalyst for attacks on other critical infrastructure providers.
As former CISO of Pacific Gas & Electric, Bernie Cowens knows plenty about cyber securing the nation's critical infrastructure. He shares his informed opinion on the Colonial Pipeline ransomware attack and what public and private sector entities must do to shore up key defenses.
For anyone wondering how the Russian-speaking, ransomware-wielding DarkSide crime syndicate was able to disrupt a major U.S. fuel pipeline, a more pertinent question might be: Why didn’t it happen sooner?
CISA is still awaiting more technical details from Colonial Pipeline about the Friday ransomware attack that forced it to shut down its operations, Brandon Wales, the agency's acting director, told a Senate committee that's probing the attack and other cybersecurity incidents.
Attackers are using Avaddon ransomware to target diverse organizations in the U.S., Australia and elsewhere, according to the FBI and the Australian Cyber Security Center. Among the recent victims was a service provider to Australian telecommunications company Telstra.
Tom Kellerman of VMware Carbon Black shares his opinions about whether a nation-state was behind the recent ransomware attack on Colonial Pipeline and what the U.S. government should do to prevent other cyberattacks.
About 50% to 70% of all ransomware attacks in the U.S. are targeting small and medium-sized businesses, costing the victims an estimated total of $350 million in the last year, Secretary of Homeland Security Alejandro Mayorkas said Wednesday in a speech to the U.S. Chamber of Commerce.
SmileDirectClub, which sells teeth-straightening appliances, expects that a recent cyberattack, which disrupted the manufacturing of its products, will take a $10 million to $15 million bite out of its second-quarter revenue.
In light of the surge in ransomware attacks against universities, institutions need to make asset management a much higher priority, removing obsolete systems and upgrading essential systems to the latest version to avoid exploits of unpatched vulnerabilities, says Matthew Trump of the University of London.
San Diego-based Scripps Health, which operates four area hospitals, has been forced to postpone some patient care - and reportedly divert some patients seeking emergency treatment - as a result of what local news outlets say is a ransomware attack.
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