Colonial Pipeline cyber attack: Will gas shortage, price hikes follow? | USA TODAY

Prices at the gas pump are often based on these five factors, which are constantly in flux.

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Colonial Pipeline did not say what was demanded or who made the demand. Ransomware attacks are typically carried out by criminal hackers who seize data and demand a large payment in order to release it.

The attack on the company, which says it delivers roughly 45% of fuel consumed on the East Coast, underscores again the vulnerabilities of critical infrastructure to damaging cyberattacks that threaten to impede operations. It presents a new challenge for an administration still dealing with its response to major hacks from months ago, including a massive breach of government agencies and corporations for which the U.S. sanctioned Russia last month.

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