Natural gas prices

[dan_s]

This report came out around noon today. The guy who sent it to me thinks it is serious enough to cause a spike in natural gas prices. We definitely live in a weird world. - Dan

WASHINGTON — A series of cyber attacks has been targeting US natural gas pipeline operators, officials acknowledged Tuesday, raising concerns among security experts about vulnerabilities in key infrastructure.

The Department of Homeland Security "has been working since March 2012 with critical infrastructure owners and operators in the oil and natural gas sector to address a series of cyber intrusions targeting natural gas pipeline companies," DHS spokesman Peter Boogaard said in an email to AFP.

He said the attack "involves sophisticated spear-phishing activities targeting personnel within the private companies" and added that the FBI and other federal agencies are assisting in the probe.

Spear-phishing is a technique used to target a specific company or organization by sending fake emails designed to get employees to divulge passwords or other security information.

DHS confirmed a report in the Christian Science Monitor, which first reported confidential alerts had been made to US energy firms.

A public alert released by an arm of DHS said the activity may date back to December 2011.

The alert from Industrial Control Systems Cyber Emergency Response Team (ICS-CERT), an arm of DHS, said the e-mails "have been convincingly crafted to appear as though they were sent from a trusted member internal to the organization."

Interstate Natural Gas Association of America spokeswoman Cathy Landry told AFP that its member firms had been in contact with investigators.

"We have received some bulletins," she said.

"We know the nature of the threat but we don't know the intent of the threat... we have been getting the word out to everyone in the industry, we want to make sure everyone knows this threat is out there."

Joe Weiss, managing partner for the security firm Applied Control Solutions, said the latest attacks highlight the vulnerability of so-called critical infrastructure systems.

He said control systems vulnerabilities can be found in the electrical grid, water utilities and others as well as pipeline operators.

"Once you get to those systems, really bad things happen," he said. "That's where people die."

But tracking the attacks can be difficult because of a lack of forensics, Weiss said.

"You have your usual list of suspects, nation-states like Iran, radical Muslims, a bunch of radical organizations in the states who don't like anyone they feel is not environmentally friendly," he told AFP

"But you also now have cyber exploit code on the Web for free that any number of people can get to."

Weiss said the motivation was unclear, because the attackers may be unhappy with the companies, may be targeting the infrastructure or may simply be hacking to show it can be done.

"We don't know if (the target) is the pipelines themselves or the pipeline companies," he said.

Kapil Raina of the security firm Zscaler said the biggest fear "would be a coordinated attack on several facilities which would trigger automatic responses at other facilities, potentially causing a chained effect -- similar to an electrical blackout but with more severe consequences."

Because natural gas prices are low, he said, "the attack could have other affects including driving up the price of natural gas dramatically and creating financial market turmoil."