X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
ransomware attack Ransomware attack. (Source: Shutterstock)

The Colonial Pipeline ransomware attack resulted in dire consequences for consumers including price spikes, fuel shortages and panicked buying up and down the East Coast. The impact on the company was equally catastrophic – lost revenues plus extra mitigation, response and recovery expenses mean significantly reduced profits.

The supply chain for the United States fuel pipeline is essentially linear and straightforward to describe: Identify and explore a source; produce, refine and store the goods; and transport and store until it is ready for the point of sale. However, the protection of the supply chain is not always so straightforward. A complex web of technology and security controls left unmonitored leave businesses like Colonial Pipeline vulnerable.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.