The Colonial Pipeline, the principal transporter of gasoline and diesel fuel up and down the East Coast of the United States, was temporarily shut down on Friday after its operator, Colonial Pipeline Co., learned it was the victim of a cyberattack.
The attack reportedly involved ransomware and appeared to be limited to information systems, as opposed to operational control systems, but the investigation is still in the early stages. Subsequently, there's no clear sense of who the perpetrator was.
Analysts don't expect the stoppage to negatively affect fuel markets or cause any shortages, so long as it only lasts for a day or two, The Wall Street Journal reports. Still, Tom Kloza, the global head of energy analysis for Oil Price Information Services, told the Journal that targeting the pipeline, which carries roughly 45 percent of the fuel consumed in the United States, is a "big deal" and "could really wreak havoc."
Mike Chapple, a cybersecurity expert at the University of Notre Dame and a former National Security Agency official, added that the pipeline shutdown "sends the message that core elements of our infrastructure continue to be vulnerable to cyberattack," a threat Homeland Security Secretary Alejandro Mayorakas acknowledged as recently as Wednesday, the Journal notes. Read more at The Wall Street Journal and Bloomberg.