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CEO of pipeline company crippled by cyberattack warns of potential fuel shortages: report

Added 05-11-21 12:13:02am EST - “The CEO of the company whose pipeline was crippled by a cyber attack warned Monday of potential supply shortages in the Southeastern U.S., even as it works to reopen the line and remove the ransomware.” - Nydailynews.com

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Posted By TheNewsCommenter: From Nydailynews.com: “CEO of pipeline company crippled by cyberattack warns of potential fuel shortages: report”. Below is an excerpt from the article.

The CEO of the company whose pipeline was crippled by a cyberattack warned Monday of potential supply shortages in the Southeastern U.S., even as it works to reopen the line and remove the ransomware.

While Colonial Pipeline Co. is working out a complex plan to restart operations, CEO Joseph Blount said in a private meeting Monday, they needed to remove the ransomware before resuming shipments, reported Bloomberg News.

He spoke in a virtual meeting that included Deputy U.S. Energy Secretary David Turk, Bloomberg said, citing someone familiar with the 18-minute discussion. The company did not immediately comment but issued a statement a short time later.

“Restoring our network to normal operations is a process that requires the diligent remediation of our systems, and this takes time,” Colonial said in a statement Monday evening. “In response to the cybersecurity attack on our system, we proactively took certain systems offline to contain the threat, which temporarily halted all pipeline operations, and affected some of our IT systems. To restore service, we must work to ensure that each of these systems can be brought back online safely.”

This, the company said, was being done in a “phased approach” in coordination with federal officials.

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