Cyber Security

Colonial Pipeline faces class-action lawsuit over fuel shortages

A class-action lawsuit is seeking damages for costs and lost profits incurred by more than 11,000 gas stations along the East Coast after the ransomware attack against the Colonial Pipeline led to panic-buying and fuel shortages. The suit is also seeking a court order requiring Colonial Pipeline Co. to implement security protocols consistent with legal and industry standards.

Ransomware payments may be tax deductible

The hit on JBS, the largest food manufacturer yet to be hit by ransomware, was the second attack in a month on critical U.S. infrastructure. The first occurred in early May when hackers believed to operate with impunity in Russia and allied states shut down operation of the Colonial Pipeline, the largest U.S. fuel pipeline, for nearly a week.