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ARTICLE · 24 JUNE 2021

How To Prevent Ransomware Attacks And Protect Your Business From Cyber Threats

Gowling WLG
Gowling WLG
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Gowling WLG

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As a result of the cyber-attack, the largest fuel transport network serving tens of millions of Americans on the east coast of America was taken offline.

United KingdomTechnology

When hackers paralysed the 5,500 mile Colonial Pipeline in the United States last month, the potential disruption and damage threatened by ransomware attacks was brought into sharp relief even at domestic level. As a result of the cyber-attack, the largest fuel transport network serving tens of millions of Americans on the east coast of America was taken offline. The knock-on effects were literally brought home over the following week, from Texas to New Jersey, as gas prices spiked, motorists queued for fuel, and hospitals, emergency services and airports faced fear of a gas shortage. This was the largest ever cyberattack on the US infrastructure and a stark reminder that as businesses in all sectors adopt latest technologies, the risk and liabilities arising from ransomware attacks are ever greater.

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