After Colonial Cyberattack, Time For Oil Traders To Reassess Risk

After Colonial Cyberattack, Time For Oil Traders To Reassess Risk

Colonial Pipeline storage tanks are seen in Woodbridge, N.J., Monday, May 10, 2021. Gasoline futures ... [+] are ticking higher following a cyberextortion attempt on the Colonial Pipeline, a vital U.S. pipeline that carries fuel from the Gulf Coast to the Northeast. (AP Photo/Seth Wenig)

It’s not often hackers manage to hit critical energy infrastructure like Colonial’s East Coast pipeline system, but the vulnerability of a major delivery system between Gulf Coast refiners and New York metro area on the cusp of the summer driving season should set alarm bells ringing.