Banking, oil and IT industry reps call on Congress to harmonize cyber regulations … again

Industry representatives in a House hearing pointed to the Biden administration’s cyber reporting mandate as an example of overlapping regulations.

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DOE announces $45 million investment for cybersecurity research

The funding goes to 16 projects aimed at developing advanced tools to protect the energy sector.

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DHS’s cyber wing responds to ransomware attack on pipeline operator

The Department of Homeland Security’s cybersecurity agency recently responded to a ransomware attack on a natural gas compression facility that led the organization to shut down its operations for two days, the agency said Tuesday. The hackers were able to encrypt data on the organization’s IT and “operational technology” network, a broad term for a network that oversees industrial processes. No longer able to read data coming from across its enterprise, the facility shut down its various assets, including its pipelines, for two days. The incident serves as a warning for industrial companies of the ways that ransomware can impact operations. “Although the victim’s emergency response plan did not specifically consider cyberattacks, the decision was made to implement a deliberate and controlled shutdown to operations,” says the advisory from DHS’s Cybersecurity and Infrastructure Security Agency. The unnamed gas facility is back up and running, but CISA said it was releasing […]

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Major U.S. pipeline disrupted by cyberattack on transaction software

A supply chain cyberattack has disrupted a chain of U.S. natural gas companies, according to multiple news reports. It affected a software platform, developed by a company named Energy Services Group LLC, that is used to process customer transactions, according to Bloomberg News. Such data-exchange software is widely used in the gas industry, though the attack was limited to the Energy Services platform. The attack on the billing platform impacted Texas-based Energy Transfer Partners LP, which owns more than 71,000 miles of pipelines containing natural gas, crude oil and other commodities. The Texas firm’s subsidiaries include the Panhandle Eastern Pipe Line Co., whose pipelines run from the Gulf Coast to the Midwest. “There was an attack on a third-party service provider,” a Energy Transfer Partners spokesperson confirmed in an email to CyberScoop. “This situation has not impacted our operations as we are handling all scheduling in-house during this time.” The […]

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