February 21, 2024

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U.S. Dealing with Cyberattack on Largest Gasoline Pipeline

3d white person. Antivirus metaphor. Knight fighting worm virus. 3d image. Isolated white background.

U.S. Gasoline Pipeline learned it was the victim of a cybersecurity attack on May 7 and has since determined that the incident involved ransomware, code that holds computer systems hostage. In response, the pipeline company proactively took certain systems offline to contain the threat. These actions temporarily halted all pipeline operations and affected some of their IT systems, which they are actively in the process of restoring.

According to another article, The US government has declared a state of emergency after the ransomware attack. The emergency status enables fuel to be transported by road. Experts say fuel prices are likely to rise 2-3% on May 10, but the impact will be far worse if it goes on for much longer.

Multiple sources have confirmed that the ransomware attack was caused by a cyber-criminal gang, who infiltrated Colonial’s network on Thursday and took almost 100GB of data hostage. After seizing the data, the hackers locked the data on some computers and servers, demanding a ransom.

The co-founder of a London-based cyber-security firm says that that the pipeline company’s cyberattack has come about due to the coronavirus pandemic. This is because of the rise of engineers remotely accessing control systems for the pipeline from home. He believes that the cybercriminal gang bought account login details relating to remote desktop. Third-party cybersecurity experts were also immediately engaged after discovering the issue and launched an investigation into the nature and scope of this incident.

The pipeline company remained in contact with law enforcement and other federal agencies, including the Department of Energy who is leading the Federal Government response.  The company’s highest priority is to maintain the operational security of its pipeline. Their personnel have taken additional precautionary measures to help further monitor and protect the safety and security of its pipeline.

The pipeline company’s operations team is developing a system restart plan. While their mainlines remain offline, some smaller lateral lines between terminals and delivery points are now operational. They are in the process of restoring service to other laterals and will bring our full system back online only when they believe it is safe to do and in full compliance with the approval of all federal regulations.

This incident highlights the increasing risk ransomware is posing to critical national industrial infrastructure, not just businesses. It also marks the rise of an insidious criminal IT ecosystem worth tens of millions of pounds. It is unlike anything the cyber-security industry has ever seen before.

According to an article, cybersecurity experts say that the consequences of an infection spreading to the pipeline’s deeper layer are dire for any energy company. Many machines that control pipelines, refineries and power plants are well past their prime. The machines have few protections against sophisticated attacks and could be manipulated to muck with equipment or cause damage.

Security experts say that the energy industry is a big target. The U.S. has roughly 2.5 million miles of pipelines. Across that vast network are hundreds of thousands of devices, sensors that take myriad readings, valves that help control flow and pressure within a pipeline and leak detection system. They are vulnerable to attack.

U.S. Commerce Secretary says that the type of attack that occurred against the pipeline company is becoming more frequent and is something that businesses need to be concerned with. She adds that the attacks are here to stay and they have to work in partnership with businesses to secure networks, to defend themselves against these attacks.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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