Earlier quoted context omitted.
The bigger the difference between the cost of the downtime and the ransom, the most likely it is to be paid. Assuming you were in a TV show, and offered two options: Spin wheel 1 with a 95% chance of winning $5M, or spin wheel 2 with a 50% chance of winning $50M, which one are you going to spin? The EV is higher on the second one, sure, but taking the near-certain 5M may still be a better choice - a bird in the hand…
Re. this group doing its research: one of my past employers got hit by a patent troll C&D demand, threatening to sue. It was clearly bogus but also clearly enough of a hassle that the company didn’t want to pick the fight if one could be avoided. Our clients were actually throwing their support behind us fighting it, offering their legal resources. But at the end of the day what the higher ups told us is that this pa…
Colonial Pipeline Paid Hackers Nearly $5M in Ransom
381–390 of 524 posts
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#3821. One primary source of gas for the Eastern sea board? Wtf?
2. The TSA overseas pipelines (lower standards and poor oversight) whereas electricity is regulated by the Dept of Energy? What the actual fucK? Nothing against then TSA but shouldn’t they focus on transportation security?
3. They didn’t have a director of cyber security and are now recruiting? If you’re running critical infrastructure shouldn’t you be putting a few dollars into this sort of thing already?
What a cluster fuck.
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#383Earlier quoted context omitted.
I agree. I’d give 60% odds that there is at least one significant attack (ransomware plus shutdown) on US power grids in the next 18 months.
Taking out a fuel pipeline in non-heating months seems a lot less likely to cause casualties than downing a power grid. Dead people get different responses than theft, even massive theft. Also, knowing how scary oil companies are, I wouldn't be surprised if some people turned up dead over the colonial hack. Even if they get the attribution wrong, a dead hacker group would have a chilling effect on such activities.
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#384I hear online that the ransomware had no effect on the Colonials ability to physically pump the oil, it affected only its billing systems, but they stopped pumping anyway because it would have been difficult to reconcile the accounting/billing if they continue to operate without the billing system being live. Is this true?
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#385Regardless whether or not you believe ransomware should be paid, my takeaway is that these ransomware attacks have done more for promoting “cyber security” than all the marketing budgets of every security vendor combined. If you’re employed as a security engineer or thinking about getting into the industry, there has never been a better time to ask for more money and more authority.
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#386Earlier quoted context omitted.
Too grandiose a word for a targeted assassination of a handful of folks.
Not if the hacker group is a nation state. Sure, small time hacking is cute and all, but the US isn’t going to just roll over and be all like “oh no, you hit critical infrastructure that had a big impact on peoples life. Carry on”
Transcript of Whitehouse Press Briefing: https://www.whitehouse.gov/briefing-room/press-briefings/202...
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#387Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#388Reminder that these same clowns have leaked over a million gallons of gasoline into a nature preserve in North Carolina. https://www.eenews.net/stories/1063725961
The US legal system is not capable enough to allow for large pipelines.
Also, this and coal are the sort of stuff that nuclear replaces...
Re: Colonial Pipeline Paid Hackers Nearly $5M in Ransom
#389The fact this was paid off, and paid off so rapidly means that targeting major infrastructure for massive payoffs is going to become more and more prominent. The next time though, it'll be $50M. I work with people in the oil fields and I know the numbers they are playing with and the fact that a single well being down can easily be $100,000 lost per hour. So obviously they want these systems back up fast. $5M for shu…
It's kinda the opposite scenario. The hackers knew they were willing to pay more but didn't actually want to cause this much attention and so lowballed so they'd quickly pay. At least according to https://finance.yahoo.com/news/colonial-pipeline-paid-hacker... Krehel (chief executive officer and founder of digital forensics firm LIFARS and a former cyber expert at Loews Corp) said a $5 million ransom for a pipeline w…
Unless Vlad starts frowning on this behavior, which persists at his pleasure, it may take that (or a seriously escalatory cyber response) to lower the threat to acceptable levels.