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re: Can someone in the know explain RE: pipeline "hack"?
Posted on 5/11/21 at 1:06 pm to loopback
Posted on 5/11/21 at 1:06 pm to loopback
Like the rest of industry, pipelines have been automated and rely on software systems to safely operate. The automation performs basic operations like opening/closing valves, running pumps, scheduling deliveries and various other vital processes for operating a pipe. My understanding is it was a ransomware hack where the hackers shut down their internal systems in exchange for a large $ payout. Last update was they have "resolved" the issue and the pipe should be up and running by close of week.
This post was edited on 5/11/21 at 1:08 pm
Posted on 5/11/21 at 1:29 pm to jrenton
Another important issue here is the petroleum products are what are termed custody transfers. Or in other words it is just like you filling your tank with gas. The meter is ticking and somebody owes somebody else a lot of money. Think of it like the bank mixing up everybody's accounts and cant quite figure out where the money goes.
The financial losses could be astronomical.
The financial losses could be astronomical.
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