Cyber Attack Leads to Shut Down of the US Fuel Pipeline

All About the Cyber-attack on the US Oil and Gas Pipeline

Managing director of the Climate Policy Lab and Research Professor, Amy Myers Jaffe says, “This is as close as you can get to the jugular of infrastructure in the United States and it is not a major pipeline, and just the pipeline.”

This ransomware attack on the major US fuel pipeline could be one of the most expensive attacks on an economy. It is the latest reminder of the increasing frequency and severity of the catastrophic digital shocks on critical infrastructure.

The growing digitalization in critical infrastructures such as water, oil, and gas increases the risks of cyber threats and attacks. With digitalization driving the growth and transition to net-zero emissions, the ecosystem of the energy sector has become increasingly decentralized and complex.

As per the 2021 Global Risks Report, cybersecurity failures are among the top mid-term threats for the world. According to a recent survey run by The World Economic Forum among the Cybersecurity Leadership Community members, about 80% of senior cybersecurity