The largest fuel pipeline system in the US was attacked by network, the damage has not been assessed

Colonial Pipeline – America’s largest fuel pipeline operator, was forced to shut down its entire network after a cyberattack.

Colonial Pipeline America’s largest fuel pipeline system was attacked by network, has not yet assessed the damage. (Source: Freightwaves) To deal with the incident, the company had to close the entire network. Colonial Pipeline said the attack “suspended all pipeline operations and affected some of our IT systems”. Sources in cybersecurity revealed that the malware used in the Colonial Pipeline attack was ransomware – a type of malware designed to block systems with how to encrypt data and request a ransom payment to restore access. The Colonial transports gasoline, diesel, jet fuel and other refined products from the Gulf of Texas to the populous US East Coast via a 8,850 km pipeline, serving 50 million customers. Oil analyst Andy Lipow said that the impact of the attack on supply and fuel prices will depend on how long the pipeline is down. If the line stops working for a day or two, the impact will be minor. However, if the pipeline is forced to shut down for 5 or 6, shortages or price increases will occur, especially in the area stretching from Alabama to Washington DC. (According to AFP, Reuters)