Last Friday, a cyberattack forced the temporary shut down of one of the largest pipelines in the U.S., stretching from the Gulf of Mexico all the way to the Northeast. The pipeline, run by a company called Colonial, is responsible for delivering about half of the fuel used on the East Coast.
Hacking has become a huge global business and hacker groups are responsible for trillions of dollars of losses from holding companies data and systems hostage. The Colonial attack is being blamed on a group of hackers called DarkSide, and in a strange twist, DarkSide has released a press statement about the attack.
On The Indicator, we discuss the hacking business: how big it is, who it's targeting, and why hackers would ever bother with a press release.
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