The White House has been embroiled in controversy over the eligibility of cyber-attackers to pay ransom after a group of hackers shut down a U.S. oil pipeline over a week, citing the severity of the infrastructure threat from critics.
The Federal Bureau of Investigation has long opposed such payments, saying they would encourage further ransom attacks, where hackers control a target computer or data until their financial needs are met.
Ann Newberger, the U.S. deputy national security adviser on cyber and emerging technologies, said Monday that the Biden administration was looking at “its approach to ransom actors and ransom as a whole.”
“Victims of cyber attacks often face a very difficult situation and they just have to keep their balance. . . They have no choice but to pay the ransom when there is a price-benefit, ”he said, noting that encrypted data firms without backups often find it difficult to recover data in the face of ransomware attacks.
“This is why with the rise of rentwear and obviously a trend of concern we often see that there are insurance companies and companies that can be a target of prosperity, we need to consider this area,” Newberger said.
On Friday ransomware hackers claimed one of their biggest targets, shutting down 5,500 miles Colon colonial pipeline The network that transports petrol, diesel and jet fuel from refineries along the Atlantic coast along the Gulf of Mexico. The system has the capacity to supply about 15 percent of the total U.S. liquid fuel demand.
The FBI identified Monday The dark side, An organization believed to be run from Russia by an experienced group of online criminals, an organization that is “responsible” for compromising Colon’s colonial pipeline networks.
“Currently we evaluate Darkside as a criminal actor but of course our intelligence community is looking for a relationship with actors from any country-state.”
With the help of a group of investors, including Colonial Pipeline Company, private equity group KKR and Coach Industries, it said it would recover most of the services by the end of the week after working to find the shippers. Other ways Fuel transport.
According to oil industry experts, the blockade leaves Gulf Coast refineries without any outlets, forcing them to cut production by 500,000 barrels a day. Some modifiers, including New York-listed Valero, were trying to park fuel on the ship, S&P Global Platts reported. Valero did not respond to a request for comment.
The colony’s pipeline company has rejected the federal government’s offer to help restore its systems, Newberger said. He added that the White House had not offered any “further advice” to Colon settlers on whether to pay the ransom.
James Lewis, a cybersecurity expert at the Center for Strategic and International Studies, said the pipelines were identified a potential cyber security risk a decade ago, adding that the White House’s comments about the ransom were “acknowledgment of reality.”
U.S. petrol markets did not respond favorably to the downturn, with June delivery futures settling at সোমবার 2.13 on Monday afternoon, with June delivery futures rising.
However, analysts said that if the pipeline was not returned to service soon, more costly measures could follow.
“If consumers panic, you’ll see prices really strong in the next few days,” said Alan Galder, vice president of refining and chemicals at Wood Mackenzie. “In the evening news of the United States, my suspicions, a lot will depend.”
According to the U.S. Department of Justice, the trend of ransom attacks has increased in recent years as it has become an increasingly lucrative criminal enterprise and has cost victims about $ 10,000 in ransom claims, according to the U.S. Department of Justice. Many criminals go beyond the jurisdiction of Russia, where they are less likely to be tried by authorities.
Insurance convicts have also been blamed for encouraging companies to pay by paying compensation for extortion payments. Monday, Global Insurance Group XA Dr. It would stop writing cyber policies that would pay off its French customers after criticism.