News & Analysis as of

Cyber Attacks Oil & Gas

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 6, Issue 12

● Offshore Oil and Gas at Risk of Potentially Catastrophic Cyberattack: GAO - “The industry includes about 1,600 offshore oil and gas facilities that are highly dependent on remotely connected operational technology, the...more

Opportune LLP

Defense In-Depth: Cybersecurity For Energy

Opportune LLP on

Glenn Hartfiel, Principal, and Geoff Yut, Consultant, at Opportune LLP discuss why recent geopolitical events are heightening the need for the implementation of improved cybersecurity measures in the energy industry, why...more

Robinson+Cole Data Privacy + Security Insider

Russian Government Officials Charged with Hacking U.S. Energy Infrastructure

The U.S. Department of Justice (DOJ) unsealed indictments against four Russian government officials on March 24, 2022, alleging that they hacked into networks that controlled energy systems in the U.S....more

American Conference Institute (ACI)

[Event] 16th Annual Flagship Conference on U.S. Economic Sanctions Enforcement and Compliance - May 5th - 6th, Washington, DC

ACI’s Annual Flagship Conference on Economic Sanctions Enforcement and Compliance is widely regarded as the premier conference designed for those working in global sanctions compliance, internal audits and investigations,...more

Morgan Lewis

Mitigating Energy Sector Risks Through Cyberinsurance

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Energy companies in the power and oil and gas sectors are leading targets of cyberattacks, as threats to critical infrastructure systems continue to rise. A 2021 report by a third-party cyberrisk company found that a quarter...more

Foley Hoag LLP - Security, Privacy and the...

Cybersecurity 2022 – The Year in Preview: Continued Threats to Nation’s Energy Supply as Regulators Race to Keep Up

Continued Threats of Ransomware Attacks - As we reported in our 2021 Year in Preview series, we began 2021 anticipating that ransomware would be a serious threat to critical energy infrastructure. These concerns were...more

Wiley Rein LLP

2022 Cyber Watch List: A look at 2021 and What’s to Come in the Year Ahead

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Privacy In Focus®- In 2021, cyber gained prominence as a top business risk and national security concern with ransomware attacks wreaking havoc on business operations and critical infrastructure. Companies large and small,...more

Morgan Lewis

Emergency Cybersecurity Regulations in the Pipeline Industry: Unique Challenges and Opportunities Ahead

Morgan Lewis on

Cybersecurity threats to critical infrastructure systems are nothing new. But events over the last few years have been notable due to the seemingly increased frequency of successful attacks and the way those attacks have been...more

Husch Blackwell LLP

Cyber Risk Insurance in the Wake of the Colonial Pipeline Cyberattack

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On May 7, 2021, pipeline operator Colonial Pipeline Company suffered a ransomware cyberattack on its namesake Colonial Pipeline. Hackers attacked computerized management equipment, effectively freezing one of the largest...more

Robinson+Cole Data Privacy + Security Insider

Second Security Directive Issued by TSA to Pipeline Operators

The U.S. Transportation Security Administration (TSA) issued its second Security Directive to the pipeline industry on July 20, 2021, following the Colonial Pipeline cybersecurity incident. ...more

The Volkov Law Group

The Justice Department Strikes Back and Recovers Ransom Paid by Colonial Pipeline

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You just can’t make this stuff up – the Justice Department, displaying its growing sophistication of the cyber world, announced it recovered most of the ransom paid to criminal hackers of Colonial Pipeline Co. (Colonial)....more

Robinson+Cole Data Privacy + Security Insider

DOJ Grabs Colonial Pipeline Crypto Wallet from DarkSide

In an unusual and exciting twist to the Colonial Pipeline ransomware attack, the Department of Justice (DOJ) announced this week that it was able to retrieve $2.3 million of the $4.4 million paid by Colonial Pipeline to...more

Kramer Levin Naftalis & Frankel LLP

DOJ Seizes Millions in Ransom Paid to Colonial Pipeline Hackers

On June 7, the Department of Justice (DOJ) announced that it seized 63.7 of the 75 bitcoins paid by Colonial Pipeline to ransomware attackers last month. The recovered bitcoins were valued at $2.3 million at the time of...more

Robins Kaplan LLP

Financial Daily Dose 6.8.2021 | Top Story: DOJ Recovers Most of Ransom Colonial Pipeline Paid to Hackers

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In a rare cyber win for the good guys (at least one that’s publicly acknowledged), the DOJ revealed on Monday that it “had seized much of the ransom that a major U.S. pipeline operator had paid last month to a Russian hacking...more

Foley Hoag LLP - Security, Privacy and the...

The Government’s Swift Response to Pipeline Cyberattack: Executive Order and TSA Security Directive

On May 10, 2021, the hacking group DarkSide succeeded in shutting down the Colonial Pipeline with a ransomware attack that highlighted the vulnerability of the U.S. energy sector to cyberattacks. The attack led to a panic...more

Hogan Lovells

DHS announces cybersecurity obligations for pipeline companies

Hogan Lovells on

The U.S. Department of Homeland Security (DHS) issued a security directive (Directive) that, for the first time, imposes mandatory cybersecurity requirements on companies in the pipeline industry. ...more

Mayer Brown

Critical Pipeline Cybersecurity Directive Released

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In the wake of the May 2021 ransomware attack on a major US oil pipeline, the Department of Homeland Security’s (DHS) Transportation Security Administration (TSA) has released a security directive (the “TSA Directive”) to...more

Opportune LLP

5 Supply Chain Lessons From The Colonial Pipeline Outage

Opportune LLP on

Here are five critical components of supply chain planning that need to be taken into consideration in the wake of the Colonial Pipeline outage...more

Robinson+Cole Data Privacy + Security Insider

Colonial Pipeline Hit with Class Action for Inflated Prices

Colonial Pipeline was hit with a proposed class action suit this week by a resident of North Carolina who alleges that he had to purchase gasoline at inflated prices due to the “unlawfully deficient data security” of...more

Davis Wright Tremaine LLP

Following Colonial Pipeline Ransomware Attack, Oil and Natural Gas Companies Must Prepare for New Regulations and Added Scrutiny...

The May 7, 2021, ransomware attack against Colonial Pipeline may be a turning point in the way the United States thinks about cybersecurity. The attack underscores the significant threat cyberattacks pose to operational...more

Lowndes

President Biden’s Cybersecurity Order Takes Security Seriously

Lowndes on

On May 12, President Biden issued Executive Order 14028 focused on improving the nation’s cybersecurity posture. The order follows the recent cyberattack on one of the nation’s largest pipelines, Colonial Pipeline, in which...more

Lowenstein Sandler LLP

Colonial Pipeline Ransomware Event Highlights Need For Crisis Management Plan

Lowenstein Sandler LLP on

The recent Colonial Pipeline ransomware event provides a strong incentive for organizations to evaluate their resiliency to cyberattacks. With ransomware being the No. 1 concern for many Security Officers surveyed in a recent...more

Husch Blackwell LLP

Cybersecurity Focus Shifts To Energy Infrastructure

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The Biden Administration has committed to making cybersecurity a top priority and is now turning its focus towards energy infrastructure, which is widely recognized as vulnerable to cyberattack due to grid control systems....more

Ward and Smith, P.A.

Lessons from the Colonial Pipeline Ransomware

Ward and Smith, P.A. on

Thankfully, it appears that the Colonial Pipeline ransomware attack is behind us and the panic over gas lines and hoarding can subside. But after an episode like this, it is helpful to take stock and search for what we can...more

Pierce Atwood LLP

Government Races to Secure Critical Infrastructure in Wake of Colonial Pipeline Ransomware Attack

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One of the nation’s largest pipelines, Colonial Pipeline, which carries 45 percent of the East Coast’s fuel supplies, was forced to shut down on May 7 after it was targeted by a ransomware attack. Ransomware is a type of...more

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