The operations of the US’s biggest refined products pipeline system, Colonial Pipeline Company, have been temporarily shut down since May 7, following a cybersecurity attack. This is one of the biggest attacks and it shut the 5,500-mile Colonial pipeline network that transports petrol, diesel and jet fuel from the refineries along the Gulf of Mexico to the Atlantic Coast. In today’s episode of Beyond Just Money, we discuss how such cyber attacks are increasing in the US, the pain of paying huge ransom for such attacks and what is the government doing to protect itself from ransomware attacks.

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