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'This is a real wake up call.' Regulator urges CEOs to intensify cyber defenses after pipeline hack

'This is a real wake up call.' Regulator urges CEOs to intensify cyber defenses after pipeline hack

'This is a real wake up call.' Regulator urges CEOs to intensify cyber defenses after pipeline hack
May 10, 2021 1 min, 10 secs

The supply disruption is raising the specter of $3 a gallon gasoline in the United States for the first time since 2014.

"Every CEO in the energy sector — and especially pipeline CEOs — should immediately convene their incident management teams to do a deep dive review of their security posture and protocols," Chatterjee said.

The incident underscores just how vulnerable the nation's critical infrastructure is to cyber attacks.

"These pipelines are now, in many ways, on the frontlines of our national defense," said Chatterjee, a Republican who previously chaired FERC, which regulates the power grid and evaluates pipeline applications.

(The Transportation Safety Administration regulates pipeline safety.)

'Red alert' for Washington

A criminal group originating from Russia named "DarkSide" is believed to be responsible for the attack on the Colonial Pipeline, the largest refined products pipeline in the United States.

The Colonial Pipeline Company, a privately held firm based in Alpharetta, Georgia, said Sunday it is developing a system restart plan.

"But clearly the fact that such a critical pipeline has come offline is of concern to everyone."

Asked if the federal government is doing enough to protect against cyber threats, Chatterjee said, "We can always do better." And he emphasized that the standards set by regulators need to be the floor, not the ceiling, when it comes to cyber defenses.

"Our adversaries are sophisticated and are consistently evolving and continually evolving their tactics and methods and approaches," Chatterjee said.

Summarized by 365NEWSX ROBOTS

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