Cyberattack Shuts Down Top U.S. Pipeline
The Biden administration says it's "all hands on deck" to restore a fuel pipeline that delivers nearly half of the fuel supply to the East Coast. It's the worst cyberattack to date on critical U.S. infrastructure. The cyberattack shut down the Colonial Pipeline, is a 5500 network of pipelines which carries gas, diesel, and jet fuel from Texas to New Jersey.
Federal officials state an Eastern European organization known as "Darkside" appears to be responsible for the cyber extortion crime. Former DHS official Elizabeth Neumann stated we have seen critical attacks on our infrastructure the last five years, but nothing of this magnitude. She says she believes this foretells this is what life is likely to be in the future.
Officials are hoping to get the pipeline up and running before shortages create a spike in prices. Overnight, gasoline futures climbed more than three percent, the most since May 2018.
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