Colonial Pipeline cyber incident
A simple task like updating passwords and not having a plan for emergencies led to one of the worst cyber incidents in recent history, causing a state of emergency.
On 7 May 2021, the Colonial Pipeline, a crucial fuel supply in the south-east of the United States of America, was hit by a ransomware attack from a group called DarkSide. This attack affected over 5,500 miles of pipeline along the East Coast, causing major economic problems. It also led to the federal government declaring a state of emergency.
Fuel prices spiked, flights and school buses were canceled, and cars ran out of fuel. The Colonial Pipeline Company paid $4.4 million to the attackers to prevent the release of stolen data.
The attack was made worse because the company reused a compromised password and lacked a proper response plan and awareness among its executives.
This incident showed how vulnerable infrastructure is to cyberattacks and how such attacks can disrupt essential services and the economy. It led to changes in government policies to help businesses improve their cyber security.