The Colonial Pipeline Ransomware assault is simply the primary of many main assaults on American infrastructure to return within the subsequent few years. This can be a actually necessary story and it’s not being mentioned in the appropriate context as a result of it’s a technical story. My hope is to interrupt down what’s actually occurring right here and present you ways technological innovation and new enterprise fashions have led to the proliferation of those assaults.
KEY SOURCES:
FireEye Menace Report: https://www.fireeye.com/weblog/threat-research/2021/05/shining-a-light-on-darkside-ransomware-operations.html
ABOUT COLONIAL PIPELINE:
The Colonial Pipeline is the most important pipeline system for refined oil merchandise within the U.S. The pipeline is 5,500 miles lengthy and might carry 3 million barrels of gasoline per day between Texas and New York.
It’s operated by Colonial Pipeline Firm which is headquartered in Alpharetta, Georgia. The corporate was based in 1961 and development of the pipeline started in 1962.
Colonial had seven spills in 4 years within the late twentieth century, three of which (1996 to 1999) induced vital environmental injury to waterways within the Southeast. In 2020, Colonial had one of many largest gasoline spills from a pipeline ever, at 1.2 million gallons, in a nature protect in Huntersville, North Carolina. In 2021, Colonial was the topic of a malware cyberattack that compelled a shutdown of their operations.
ABOUT JOHN COOGAN:
I’m the co-founder of http://soylent.com and http://lucy.co, each of which have been funded by Y Combinator (Summer season 2012 and Winter 2018).
I have been an entrepreneur for practically a decade throughout a number of firms. I’ve carried out a number of work in silicon valley, in order that’s largely what I speak about. I’ve raised over 10 rounds of enterprise capital totaling over $100m in complete funding.
I work largely in tech-enabled shopper packaged items, which means I take advantage of software program to make the very best merchandise doable after which ship them to the widest doable viewers. I am an enormous fan of machine studying, python programming, and movement graphics.
OTHER VIDEOS:
How Oculus VR & Anduril Founder Palmer Luckey Revolutionizes Useless Industries – https://youtu.be/zVLcoJS4fCg
The Saga of Naval Ravikant (Founding father of AngelList) –
https://youtu.be/BtLFa9pEaDo
The Saga of Chamath Palihapitiya (SPAC Investor) – https://youtu.be/KFslVD3t_Oo
CONTACT:
You may get in contact with me by way of Twitter: https://twitter.com/johncoogan
DISCLAIMER:
This video is only my opinion and shouldn’t be considered a major supply. I’m not a monetary advisor and this isn’t a suggestion to purchase or promote securities. At all times do your individual due diligence.