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09/14/2021
One Stolen Password Took Down The Colonial Pipeline — Is Your Business Next?
Forbes
If you didn't think password security was important before, there's no way to turn a blind eye to recent events. The head of Colonial Pipeline told Congress that cybercriminals were able to launch a ransomware attack on his company — effectively shutting down half of the country's fuel supply chain — by stealing one password.
According to Mandiant (which worked with Colonial Pipeline post-breach), the VPN login belonged to an employee believed to be inactive. The firm noted that the employee "may have used" the password on a different website that was previously compromised, costing the company $2 million in ransom alone and setting off one of the biggest supply chain crises in recent history.
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