By Sheela Tobben and Chunzi Xu (Bloomberg) — Colonial Pipeline Co. halted operations on a critical conduit that supplies fuel to the US Northeast, the latest disruption to energy flows following…
https://gcaptain.com/colonial-shuts-key-fuel-line-to-new-york-harbor-after-spill/
By Laura Sanicola April 8 (Reuters) – East Coast jet fuel prices are showing no sign of retreat from record levels with nearest reinforcements for airports nearly two weeks away, according to shipping data…
https://gcaptain.com/east-coast-jet-fuel-prices-continue-ascent-reinforcements-out-at-sea/
It was once again another rough year for cybersecurity and freight. The main reason: ransomware attacks, in which criminals encrypt data and demand payment, sometimes in the millions of dollars, in exchange for unlocking it. Even though the U.S. government has been taking an increasingly aggressive approach to fighting ransomware, the attacks have continued. They hit companies across the supply chain, including trucking, logistics, freight factoring, freight forwarding — and even fuel...
Washington is moving to ramp up security against cybercrime in the US transport arena.
The US Department of Homeland Security’s latest initiatives are pushing railroads to beef up their security, following a similar drive targeting airports and airlines.
From the start of next year, major railways must also conduct a vulnerability assessment and develop formal plans on how to respond to cybersecurity incidents. In addition, they have to designate a cybersecurity co-ordinator …
The post More US...
https://theloadstar.com/more-us-moves-to-tighten-up-transport-security-in-war-against-cyber-attacks/
Imagine you’re sitting at a computer. Perhaps you’re managing a fleet of trucks. Or ships. Or perhaps tendering a load of cargo, or sending customs clearance documentation. And then suddenly, things stop working. Every file has a strange extension. You can’t open anything. Then you notice a text file. It kindly explains that you’ve been the victim of a ransomware attack.
Ransomware attacks are pretty straightforward at their core. They involve a piece of software called malware that encrypts...
https://www.freightwaves.com/news/how-does-a-ransomware-attack-work
The U.S. Department of Justice has seized $2.3 million worth of Bitcoin paid to the hackers behind the cyberattack that led to the shutdown of Colonial Pipeline in May, federal officials announced on Monday.
The FBI recovered 63.7 bitcoins that had been paid to members of the DarkSide ransomware gang after a federal judge signed a seizure order.
“Ransom payments are the fuel that propels the digital extortion engine, and today’s announcement demonstrates that the United States will use all...
https://www.freightwaves.com/news/us-recovers-ransom-paid-to-colonial-pipeline-hackers
In case they needed one, the transportation and logistics industry got a reminder — in the form of the ransomware attack on Colonial Pipeline — of the kind of havoc hackers can wreak on businesses and their customers. The shutdown of a vital supplier of the diesel that keeps trucks moving could just as easily have happened to a major truckload carrier or any other company in the supply chain.
And chances are a catastrophic attack will hit the industry — again. In 2020, the big ones struck Forward...
https://www.freightwaves.com/news/colonial-level-cyberattack-on-trucking-likely-but-preventable
This fireside chat recap is from Day 1 of FreightWaves LIVE @HOME.
FIRESIDE CHAT TOPIC: The importance of cybersecurity in the age of ransomware attacks
DETAILS: The recent cyberattack on Colonial Pipeline laid bare the risk posed by ransomware attacks. GlobalTranz Chief Technology Officer Russ Felker talks to FreightWaves reporter Nate Tabak about how transportation and logistics companies can beef up their cybersecurity.
SPEAKER: Felker is the chief technology officer at GlobalTranz, a leading...
NASA Photo
Members of a key cyber panel wanted to know why the Department of Homeland Security wasn’t alerted to the ransomware attack that set off panic-buying of gasoline and whether the Pentagon could have taken measures to stop it before it happened.
Sen. Joe Manchin, (D-W.Va.) said at Tuesday’s Senate Armed Services cyber subcommittee hearing that what happened when the Colonial Pipeline was shut down “was an attack to me” coming from outside the U.S. and had implications for the Pentagon.
Joi...
In this latest episode of gCaptain Weekly, John Konrad and Sal Mercogliano discuss the Colonial Pipeline shutdown, the Jones Act waivers issued by the DHS and the response of the…