by Bill O’Grady | PDF
In Part I, we provided an overview of the Colonial Pipeline ransomware attack, followed by reflections on organized crime and why ransomware has become so attractive to criminals. We also described Darkside, the firm involved in the attack. This week, we will conclude with a discussion of why this attack was a mistake and who will suffer from it. As always, we will conclude with market ramifications.
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These reports were prepared by Confluence Investment Management LLC and reflect the current opinion of the authors. Opinions expressed are current as of the date shown and are based upon sources and data believed to be accurate and reliable. Opinions and forward-looking statements expressed are subject to change. This is not a solicitation or an offer to buy or sell any security. Past performance is no guarantee of future results. Information provided in this report is for educational and illustrative purposes only and should not be construed as individualized investment advice or a recommendation. Investments or strategies discussed may not be suitable for all investors. Investors must make their own decisions based on their specific investment objectives and financial circumstances.
