News and Updates on Information Technology

The BlackCat ransomware appears to be the source of the attack at German oil storage company Oiltanking GmbH Group

Exploit: Ransomware

Oiltanking: Fuel Storage

cybersecurity news gauge indicating extreme risk

Risk to Business: 1.313 = Extreme

A ransomware attack has impacted German fuel tanking company Oiltanking. The company was ensnared in a massive ransomware attack that has disrupted operations at 17 European oil terminals including the busy Amsterdam-Rotterdam-Antwerp refining hub starting on January 29th. Other European companies are also involved including German oil trade company Mabanaft, SEA-Invest in Belgium, and Evos in the Netherlands. The attack appears to have had the most impact on the processing, loading and unloading of cargoes. BlackCat ransomware is thought to be behind the incident.

Individual Impact: No specifics about consumer/employee PII or financial data loss were available at press time.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business Infrastructure and utility attacks have become much more common – Utilities/Infrastructure was one of the top 3 industries for ransomware attacks in 2021.

Source: cyberscoop