Colonial Pipeline, a jet fuel and gasoline provider for the eastern United States, was the victim of a ransomware attack carried out by DarkSide on May 6, 2021. The attackers gained initial access via an exposed password for a VPN account. As a result, the company was forced to halt all pipeline operations to contain the damage.
The attackers demanded a ransom of 75 bitcoins (approximately $4.4 million) in exchange for nearly 100GB of stolen data. As a result of the Colonial Pipeline cyberattack, gas prices rose, and there was a shortage of gas due to panic buying.
In this video, we talk about what the Colonial Pipeline ransomware attack is, how it took place, and how you can defend your organization against such attacks. Watch the video to learn more. Three minutes is all it takes!
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