News Insights: Pemex Ransomware Attack
Bloomberg – Are you a robot?
Bloomberg – Are you a robot?
Mexico’s state-owned oil company, Pemex, has suffered a ransomware attack that demanded $4.9 million. According to Bloomberg, the attack is disrupting the company’s billing systems; Pemex is relying on manual billing that could affect payment of personnel and suppliers and hinder supply chain operations. Invoices for fuel to be delivered from Pemex’s storage terminals to gasoline stations were being done manually on Tuesday.
News Insights:
According to George Wrenn, Founder and CEO of CyberSaint Security:
“As more businesses in critical infrastructure seek to increase efficiency and cost savings through technology, they must be prepared to equally invest in securing their newly digitized businesses. Too often businesses, regardless of industry, embrace the technology and tools that will increase efficiency without considering the cyber risk that they are opening themselves up to by implementing that technology. Organizations that deliver critical commodities must be especially cautious as the failure of these supply chains could bring not just their business, but their respective country or potentially the global economy, to a halt.”
Hugh Taylor
Hugh Taylor is a Certified Information Security Manager (CISM). In addition to editing Journal of Cyber Policy, he writes about cybersecurity, compliance and enterprise technology for such clients as Microsoft, IBM, SAP, HPE, Oracle, Google and Advanced Micro Devices. Prior to launching his freelance writing career, he served in executive roles at Microsoft, IBM and several venture-backed technology startups.