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“#Colonial Pipeline CEO summoned to testify before lawmakers” Lawmakers have summoned Joseph Blount, the CEO of Colonial Pipeline, to testify next month at a Congressional hearing to probe how a cyberattack caused a six-day shutdown of the biggest oil pipeline in the US. The hearing, called “Cyber Threats in the Pipeline: Using Lessons from the…
“#CNA Financial reportedly paid hackers $40M in ransom” CNA Financial, one of the biggest insurance companies in the US, reportedly forked over $40 million in ransom after it was hit by a cyberattack in late March. The Chicago-based company was locked out of its network and decided to pay the hackers after about two weeks,…
“# Turkish crypto exchange acknowledges 2018 breach with 500,000 users’ data stolen ” Major Turkish crypto exchange BtcTurk came forward about a data breach from mid-2018 that leaked sensitive information of over 500,000 users. According to the official announcement, the stolen data set contains BtcTurk users’ names, citizen ID numbers, emails, addresses, birthdates and mobile…
“# State-backed digital currencies can disrupt financial systems: Report ” Central bank digital currencies, or CBDCs, could pose a threat to financial systems if related risks are not managed, Big Three credit agency Fitch Ratings has warned. Fitch Ratings released a report on Monday entitled “Central Bank Digital Currencies: Opportunities, Risk and Disruption,” which discussed the…
“#Sen. Johnson says cyberattacks an ‘existential’ threat” Sen. Ron Johnson said the cyberattack on the Colonial Pipeline that caused drastic fuel shortages across the eastern US is an “existential” threat to the country’s energy grid that could get worse if the Green New Deal becomes a reality. “We are a fossil fuel fuel-based economy and…
“#Toshiba business unit says it was hacked by DarkSide group” A Toshiba business unit said it was hacked earlier this month by the DarkSide criminal group, the same gang responsible for the attack on Colonial Pipeline, which caused widespread gas shortages and panic buying across the Southeast. Toshiba Tec said in a statement that its…
“#Colonial Pipeline hackers DarkSide lost control of ransom money” Cybercrime group DarkSide said it has lost control of its web servers and some of the money it’s made off ransom payments after the FBI confirmed that the gang was behind the $5 million ransomware attack on Colonial Pipeline last week that spurred gas shortages and panic…
“#Lindsey Graham rips Biden’s ‘weak’ response to Colonial Pipeline cyberattack” Sen. Lindsey Graham (R-S.C.) became the latest prominent Republican to slam the Biden administration Wednesday over its response to the ransomware attack that shut down the Colonial Pipeline for five days. “The two responses from the president, Biden, and his spokesperson were unnerving,” Graham told…
“#Five Security Threats E-Commerce Businesses Frequently Face” An online business has numerous benefits over a physical one. It doesn’t require any space, staff members, accountants, etc., to run the business. An online business can be started pretty quickly. All you need is an internet connection, a good eCommerce platform, and a few clicks. And voila,…
“#Cyberattack on US pipeline is linked to criminal gang” The cyberattack that shut down a major oil pipeline was carried out by a gang that is known to extort corporations and give a cut of the ransoms to charity, a new report said. The Colonial Pipeline, which carries more 100 million gallons of fuel from…