Colonial Pipeline Ransomware Attack Exposes Severity of Cyber Threats | Burns & Wilcox

The ransomware attack that shut down one of the largest fuel pipelines in the U.S. and set off gas shortages and panic-buying is indicative of growing cyber risks.

 

“It is really important for these companies to not lose sight of risk management in pursuit of compliance. A lot of these contracts were written before the emergence of the cyber exposures that we see today. This is a good opportunity for business owners to reevaluate their coverage based on their actual exposure, rather than just compliance.” –Alex Krcmarik, Senior Broker, Environmental, Burns & Wilcox, Denver, Colorado

 

Featured solutions: Cyber and Privacy Liability Insurance; Energy