The recent cyberattack on the nation’s largest fuel pipeline showed how effortlessly and efficiently cybercriminals can breach security firewalls at major corporations. In the case of the Colonial Pipeline attack, the result was not limited to nationwide panic, a crippling gas shortage and fears over spiking prices. Colonial is also paying a hefty price after hackers infiltrated its system via a known ransomware vulnerability.
It is times like these that strike cold fear into business leaders’ hearts. “Will we be next?” we ask ourselves. “Are we doing everything we can to prevent this from happening to us?” Or, worse, “It is a foregone conclusion we’ll be attacked — there’s no way to prevent it.”