Oil Prices Might Go Up. Cyberattack On U.S Pipeline.

Conventional warfare is problematic to wage because of the cost of human lives. Cyber-attacks have become more common than ever before. From a computer, hijacking critical infrastructure, then demand ransom.

There was a cyberattack on U.S infrastructure- Colonial pipeline. The attack happened Friday, May 7th, 2021. It's headquartered in Alpharetta, Georgia, and owned by CDPQ colonial partners and other affiliated owners. According to Forbes, the price of gas might go up because of this attack. However, the pipeline stretches across Houston to the Southern Atlantic coast. Several states' gas prices could be affected: Texas, Louisiana, Mississippi, Alabama, Georgia, South Carolina, North Carolina, Virginia, and Pennsylvania.

Owners and partners of the pipeline took action to contain the threat, shut down their systems, and hire a cybersecurity team called Fire Eyes to manage the attack. There are two possibilities right now. Either it was a well-coordinated attack, or the system of Colonial pipeline was outdated. They were stressing the importance of cybersecurity.

Who did it and how?

The attack happened Friday, May 7th, 2021. What has happened at this time? They did it with "Ransomware." The software, Ransomware, is designed to encrypt or lock data and demand payment to regain access. Imagine trying to log into your Facebook, but then it says, "Pay 25$ to log in." Not fun. Authorities believe that a criminal cyber syndicate committed the crime. Cybergangs are common. It's safer to demand money for a software program than for a hostage. "Dark side" is the name given to the organization responsible for the attack. Little known about them. We may see an increase in cyberattacks this year more than any time before.