Cyber Security

Phil Flynn, senior energy analyst at The PRICE Futures Group, said gas prices are “close to getting to a short-term peak because everybody's bought gasoline and put it in their garage” following the Colonial Pipeline shutdown.

The Colonial Pipeline has returned to operations following a cyberattack that snarled gas supply for the eastern U.S. for days, according to Energy Secretary Jennifer Granholm.

President Joe Biden signed an executive order Wednesday meant to strengthen U.S. cybersecurity defenses in response to a series of headline-grabbing hacking incidents that highlight how vulnerable the country’s public and private sectors are to high-tech spies and criminals operating from half a world away.

Fuel shortages that have slammed the East Coast are starting to wind down as the Colonial Pipeline has restarted service following a cyberattack last week by Russian ransomware group DarkSide.

Sen. Ron Wyden, D-Ore., called Wednesday for the heads of critical infrastructure companies such as Colonial Pipeline to be held personally liable for failures to address cybersecurity flaws following a ransomware attack that crippled one of the eastern seaboard’s key fuel suppliers.

The ransomware gang responsible for the Colonial Pipeline attack claims it’s driven by money, not politics, and even insists it has a charitable streak.

To free up more fuel for drivers, the EPA waived fuel standards for a dozen states.

The increase comes as over 1,000 fuel stations across the East Coast have reported gasoline outages following Friday's cyberattack on the Colonial Pipeline.

The Colonial Pipeline may be the first of other major U.S. infrastructure attacks, says the Cybersecurity and Infrastructure Security Agency.

Colonial Pipeline may have been using an outdated version of Microsoft Exchange when it was targeted by a ransomware attack late last week.

Florida Gov. Ron DeSantis on Tuesday declared a state of emergency in response to a cyberattack that shut down a major pipeline and left more than 1,000 gas stations across several states – including Florida – without fuel.

As a major pipeline entered its fifth day of being shut down from a cyberattack, more than 1,000 gas stations reported running out of fuel, prompting government officials to waive environmental rules to expedite the delivery of fuel while assuring the public there was no cause for alarm.