Tuesday, December 3, 2024
After Colonial attack, energy companies rush to secure cyber insurance- oil and gas 360

After Colonial attack, energy companies rush to secure cyber insurance

Nasdaq May 28  – U.S. energy companies are scrambling to buy more cyber insurance after this month’s attack on Colonial Pipeline COLPI.UL disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan to hike rates following a slew of ransomware attacks. The Colonial ransomware attack on May 7 shut the largest fuel pipeline network in the