Cyberattack Shuts Down Massive East Coast Gasoline Pipeline
The Colonial Pipeline, which carries almost half of the East Coast’s gasoline supply, shuttered its entire network overnight due to a cyberattack, the company said in a statement — the latest cyberattack to disrupt a U.S. company’s operations.
The cyberattack impacted Colonial Pipeline’s IT systems late Friday, and the company says it tried to minimize the damage by proactively shutting down its over 5,000 miles of pipelines, which carry gasoline, jet fuel and kerosene from Texas to the New York area. The company has called law enforcement, and it hired a private cybersecurity company to conduct its own investigation into the attack, it said.
Colonial Pipeline is still working to restore service (the Georgia-based company did not immediately respond when asked when it plans to resume operations).
100 million gallons. That’s how much refined fuel Colonial Pipeline says it moves per day, accounting for about 45% of fuel all used on the East Coast. A private company, Colonial Pipeline’s largest owner (at 28.1% as of last year) is Koch Capital Investments, which is controlled by the powerful Koch family.