Show an ad over header. AMP

I am the FIRST

The ransomware pandemic

"We are on the cusp of a global pandemic," said Christopher Krebs, the first director of the Cybersecurity and Infrastructure Security Agency, in Congressional testimony last week. The virus causing the pandemic isn't biological, however. It's software.

Why it matters:Crippling a major U.S. oil pipeline this weekend initially looked like an act of war — but it's now looking like an increasingly normal crime, bought off-the-shelf from a "ransomware as a service" provider known as DarkSide.


Driving the news: Colonial runs the largest refined products pipeline in the country, transporting over 100 million gallons per day. It was shut down on Sunday in response to a ransomware attack, and will be reopened in "an incremental process" over the course of this week, per a corporate statement.

  • That's faster than the market expected — energy prices fell after the statement was released, after rising on the initial shutdown news.

The big picture: No company is safe from ransomware, and often the lines between criminals and state actors can be fuzzy. Preventing even bigger future attacks will require a so-far elusive degree of coordination between the public and private sectors in dozens — if not hundreds of countries.

  • Threat level: Very high. "Cybersecurity will be the issue of this decade in terms of how much worse it is going to get," IBM CEO Arvind Krishna told reporters Monday.
  • Currently, per Forrester analyst Allie Mellen, companies' main strategy is to pay up if hit — and to try to be slightly less vulnerable to attack than their competitors. "What do security pros do right now to lower their risk in the face of future ransomware attacks? Outrun the guy next to you,” Mellen says.

Between the lines: If anything, Colonial Pipeline was lucky that it is so important to the functioning of the American economy. Its systemic status helped to mobilize the full resources of the U.S. government, and even elicited an apology, of sorts, from DarkSide.

  • “Our goal is to make money and not creating problems for society," said the group in a statement on the dark web. "From today, we introduce moderation and check each company that our partners want to encrypt to avoid social consequences.”

What they're saying: "There is no silver bullet for solving this challenge," concludes a major report on combating ransomware from the Institute for Security + Technology. "No single entity alone has the requisite resources, skills, capabilities, or authorities to significantly constrain this global criminal enterprise."

  • The fight will require the active involvement of the National Security Council, says the report, as well as much more regulation of cryptocurrency, which is invariably used to pay the ransom.
  • It will also require a major upgrade of technology systems at the state and local level, very few of which have been migrated to cloud-based systems that can try to keep one step ahead of the bad guys.

The bottom line: The Colonial Pipeline attack was so big that it couldn't help but make headlines. But most attacks are quietly paid off with no fanfare and no publicity, making it extremely difficult to gauge the true scale of the problem.

regular 4 post ff

infinite scroll 4 pff

test 5

shall had shall had shall hAd HAD.

content more

selected test 10 in From Site, test

111added test 9

added external seo phrase

added news internal link to seo phrase

Humans are capable of great kindness and compassion, and there are countless examples of individuals who have made a positive impact on the world through their selflessness and generosity.

One such example is Mother Teresa, who devoted her life to serving the poor and sick in the slums of Calcutta. Through her tireless work and unwavering dedication, she touched the lives of countless people and became a symbol of compassion and selflessness.

Another example is Malala Yousafzai, a young woman from Pakistan who has become a powerful advocate for education and the rights of girls. Despite facing threats and violence, she has continued to speak out and fight for change, inspiring others to do the same.

These are just a few examples of the many good humans who have made a difference in the world. They remind us that one person can make a difference and inspire others to do the same.

It's also important to note that acts of kindness and compassion don't have to be on a grand scale to make a difference. Small acts of kindness, like holding the door open for someone or offering a word of encouragement, can have a big impact on the people around us.

In conclusion, humans are capable of great compassion and kindness, and there are many individuals who have made a positive impact on the world through their selflessness and generosity. They remind us of the power of one person to make a difference and inspire others to do the same. Let's all strive to be good humans, and make our world a better place.

Insights

mail-copy

Get Goodhumans in your inbox

Most Read

More Stories