Money Map Press Chief Investment Strategist Shah Gilani and Annandale Capital Chairman George Say give their take on market volatility amid the Russian-Ukrainian money-making war.
Hackers broke into computers belonging to current and former employees of nearly two dozen major natural gas suppliers shortly before Russia invaded Ukraine, according to a new report.
Two weeks before the Russian invasion last month, 21 LNG (liquefied natural gas) companies, including California’s Chevron and Houston’s Cheniere Energy, were cyberattacked, according to Bloomberg.
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Over the past two weeks, hackers have gained access to more than 100 computers belonging to current and former employees of these companies, according to Bloomberg.
Traffic passes a gas station in downtown Los Angeles where a gallon of gasoline costs more than $6 on December 10, 2021. (FREDERIC J. BROWN/AFP via Getty Images / Getty Images)
The operation was the “first stage” in an attempt to destabilize the energy industry, Resecurity CEO Jin Yu, whose company discovered the attack, told Bloomberg.
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Yu said he believed the hackers were sponsored by the state, “but declined to speculate further,” according to Bloomberg.
It is not clear if the attacks are directly related to the invasion of Ukraine, but Resecurity said the hacks began about two weeks before the invasion, after U.S. officials urged critical infrastructure operators to “put on high alert” for the Russian state. sponsored attacks,” according to Bloomberg.
Retired General Keith Alexander, CEO of cybersecurity firm IronNet and former director of the National Security Agency, warned last week on FOX Business that Russian President Vladimir Putin’s “hacker army” was likely to target the US energy industry.