• 4 minutes Nord Stream 2 Halt Possible Over Navalny Poisoning
  • 8 minutes America Could Go Fully Electric Right Now
  • 11 minutes JP Morgan says investors should prepare for rising odds of Trump win
  • 1 day Permian in for Prosperous and Bright Future
  • 6 hours Daniel Yergin Book is a Reality Check on Energy
  • 1 day YPF to redeploy rigs in Vaca Muerta on export potential
  • 1 day Gepthermal fracking: how to confuse a greenie
  • 12 hours Famine, Economic Collapse of China on the Horizon?
  • 12 hours Oil giants partner with environmental group to track Permian Basin's methane emissions
  • 2 days US after 4 more years of Trump?
  • 1 day Top HHS official takes leave of absence after Facebook rant about CDC conspiracies
  • 2 days The Perfect Solution To Remove Conflict Problems In The South China East Asia Sea
  • 6 hours Open letter from Politico about US-russian relations
  • 3 days Surviving without coal is a challenge!!
  • 3 days Portuguese government confirms world record solar price of $0.01316/kWh
Natural Gas Industry Sees Support From U.S. Voters

Natural Gas Industry Sees Support From U.S. Voters

U.S. voters generally support natural…

U.S Keeps Top Crude Oil Producer Status

U.S Keeps Top Crude Oil Producer Status

Despite oil production curtailments earlier…

Pemex Is Still Suffering From Cyberattack Fallout

The communications system of Mexico’s oil giant Pemex is still suffering the lingering effects of a cyberattack that occurred earlier this month, sources from the company told Bloomberg.

A ransomware attack caused administrative operations at Pemex to grind to a halt on November 10, with the company announcing the resumption of work soon after, saying the actual attack had been prevented.

The attackers used the Ryuk ransomware, which specifically targets companies with annual revenues of between $500 million and $1 billion. The Ryuk ransomware gets dropped into a network by another malware and soon after begins encrypting files. Yet the encryption begins with a delay, which gives the attackers time to study their target and how much money they could extort from it.

Now, employees are saying that for some of them, internet access is still limited, there are computer files that are still not accessible and that they are having trouble receiving emails coming from addresses outside the company, Bloomberg reports. Computers are slower, too, because of patches the company’s IT department has put in to thwart other attacks.

The Pemex attack spurred U.S. companies into action, too. The Houston Chronicle reported this week that oil and gas businesses operating in Mexico have moved to shore up their cyber defences. Among the measures deployed, according to the report, are blocking emails from Pemex and not using flash drives from the Mexican company.

While Pemex has insisted that it stopped the attack from unfolding, Mexican media have been reporting the hack was successful and hackers demanded a ransom of 860 bitcoin, worth about $6 million, to remove the malware.

Oil and gas companies are a natural target for cybercriminals, especially the bigger ones among them even if they are not exactly turning in a profit, like Pemex. The Mexican major reported a loss of $4.6 billion for the third quarter of the year on the back of lower export and domestic sales revenues.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News