Colonial Pipeline Co

Bitcoin and Encryption: A Race Between Criminals and the F.B.I.

Law enforcement also has an advantage when it gets ahold of digital devices. Despite claims from Apple, Google and even the Justice Department that smartphones are largely impenetrable, thousands of law enforcement agencies have tools that can infiltrate the latest phones to extract data. “Police today are facing a situation of an explosion of data,” …

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Bitcoin Is Actually Traceable, Pipeline Investigation Shows

When Bitcoin burst onto the scene in 2009, fans heralded the cryptocurrency as a secure, decentralized and anonymous way to conduct transactions outside the traditional financial system. Criminals, often operating in hidden reaches of the internet, flocked to Bitcoin to do illicit business without revealing their names or locations. The digital currency quickly became as …

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U.S. Seizes Share of Ransom From Hackers in Colonial Pipeline Attack

WASHINGTON — The Justice Department said on Monday that it had seized much of the ransom that a major U.S. pipeline operator had paid last month to a Russian hacking collective, turning the tables on the hackers by reaching into a digital wallet to snatch back millions of dollars in cryptocurrency. Investigators in recent weeks …

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Colonial Pipeline Hack Reveals Weaknesses in US Cybersecurity

For years, government officials and industry executives have run elaborate simulations of a targeted cyberattack on the power grid or gas pipelines in the United States, imagining how the country would respond. But when the real, this-is-not-a-drill moment arrived, it didn’t look anything like the war games. The attacker was not a terror group or …

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Colonial Pipeline Paid Roughly $5 Million in Ransom to Hackers

In a separate ransomware attack on the Washington, D.C., Metropolitan Police Department, hackers said the price the police offered to pay was “too small” and dumped 250 gigabytes of the department’s data online this week, including databases that track gang members. In his remarks on Thursday, Mr. Biden seized on the Colonial Pipeline hack as …

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Pipeline Hack Points to Growing Cybersecurity Risk for Energy System

In the past, energy companies typically kept the operational systems that run pipelines or power plants disconnected, or “air gapped,” from the broader internet, which meant that hackers could not easily gain access to the most critical infrastructure. But increasingly that’s no longer the case, as companies install more sophisticated monitoring and diagnostics software that …

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How the Colonial Pipeline Became a Vital Artery for Fuel

The reason for their decline is the “energy independence” that has been a White House goal since the Nixon administration. As shale exploration and production boomed beginning around 2005, refineries on the Gulf Coast had easy access to natural gas and oil produced in Texas. That gave them an enormous competitive advantage over the East …

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Biden Plans Order to Strengthen U.S. Cyberattack Defenses

Last month, top executives from Amazon, Microsoft, Cisco, FireEye and dozens of other firms joined the Justice Department in delivering an 81-page report calling for an international coalition to combat ransomware. Leading the effort inside the Justice Department are Lisa Monaco, the deputy attorney general, and John Carlin, who led the agency’s national security division …

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Pipeline Shutdown Has Had Little Impact on Supplies So Far

HOUSTON — The shutdown on Friday of the largest petroleum pipeline between Texas and New York after a ransomware attack has had little immediate impact on supplies of gasoline, diesel or jet fuel. But some energy analysts warned that a prolonged suspension could raise prices at the pump along the East Coast. Nationwide, the AAA …

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