After Colonial attack, energy companies rush to secure cyber insurance

Published by
Reuters

By Laura Sanicola (Reuters) – U.S. energy companies are scrambling to buy more cyber insurance after this month’s attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan to hike rates following a slew of ransomware attacks. The Colonial ransomware attack on May 7 shut the largest fuel pipeline network in the United States for several days, crippling fuel delivery to most of the U.S. East Coast. Pipeline companies rely on electronic networks, putting them at risk of additional attacks that could hamper delivery of crude oil or other fue…

Read More

Share this Story
Load More Related Articles
Load More In US News

Facebook Comments

Check Also

Biden’s first NATO summit to tackle Russia, China and reform

Published by DPA US President Joe Biden is ...

Archives