WASHINGTON – President Joe Biden said Wednesday he was expecting good news “in the next 24 hours” of the ongoing cyber attack on the Colonial Pipeline that has hampered the delivery of fuel to the east coast in recent days.
“We have been in very close contact with Colonial Pipeline, the area you are talking about – one of the reasons gasoline prices are rising,” Biden said at an event on Wednesday afternoon.
“I think you will be hearing good news in the next 24 hours. And I think we will get this under control.”
The remarks came as Americans in the Southeast and Central Atlantic faced pump fuel shortages from late Monday, which showed little sign of decrease until Wednesday afternoon. Panic buying in some states exacerbated supply chain problems.
“I’ve meanwhile made it easier for us to lift some of the restrictions on the transportation of fuel, as well as access to the US military that provides fuel, and vehicles to get it there, places where it’s badly needed becomes.” “said Biden.
The recent moves by the Biden government represent a mobilization of the entire government to respond to the crisis that began when Colonial informed the government on Friday that it had been the target of a ransomware attack.
The government said Tuesday it would initiate a “comprehensive federal response” to restore and secure US energy supply chains.
The attack forced the company to shut down about 5,500 miles of pipeline, cutting off nearly half of the fuel supply on the country’s east coast.
The attack on Colonial Pipeline was traced back to a hacking group called DarkSide, an organized group of hackers set up on the ransomware as a service business model. This means that the DarkSide hackers develop, market and sell ransomware hacking tools to other criminals who then carry out attacks.
Questions about important details also remain unanswered, e.g. For example, whether Colonial paid the ransom that hackers typically ask for in these scenarios.
White House press secretary Jen Psaki on Wednesday refused to answer certain questions about how Colonial and the Biden administration are working together in resolving the attack.
CNBC’s Eamon Javers contributed to the coverage.
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