W. P. Carey School of Business professors discuss cyberattacks and supply chain issues

From ASU News:

Six days after the Colonial Pipeline was attacked by cyberhackers and left millions hanging at the gas pump, they have gained control of their operations once again. But not before the refinery paid their attackers $5 million in untraceable cryptocurrency, according to several news outlets.

While the worst is over for now, two Arizona State University professors from the W. P. Carey School of Business say that it’s a harbinger of things to come and more preparation and alternative modes of supply chain are needed to ward off future attacks.

ASU News spoke to Victor Benjamin, assistant professor of information systems, and Dale Rogers, professor of supply chain management, to discuss what happened, who was responsible, the prevalence of cyberattacks on U.S. companies and how these attacks impact supply chain issues in this country.

Colonial Pipeline is a harbinger of things to come in business by Marshall Terrill, ASU News