Over the years, the energy industry has increasingly relied on technology to manage and control its operations. While this has brought many benefits, it has also opened the sector to various cybersecurity threats. These threats are not just limited to data theft but also include attacks on critical infrastructure, which can cause significant disruptions to the energy supply chain.
Cybersecurity attacks in the energy sector have increased in the past few years. According to a study by the Department of Energy, there was a 74% increase in the number of reported cyber incidents in the energy sector in 2018 compared to the previous year. Another report by IBM found that the energy and utilities sector is the second-most targeted industry for cyber attacks after the financial sector. The report also states that the average cost of a data breach in the energy sector is $6.79 million, making it crucial for energy companies to prioritize cybersecurity measures.
These attacks involve using malicious software to encrypt data, making it inaccessible to the user until a ransom is paid. The cost of these attacks can be astronomical, both in terms of financial losses and reputational damage.
These are attacks that employees or other individuals carry out with access to sensitive information. They can be motivated by financial gain, espionage, or simply a desire to cause harm.
These attacks involve using fake emails or websites to trick individuals into revealing sensitive information such as login credentials. This is also a significant threat to the energy industry.
The energy industry must take cybersecurity seriously and invest in the necessary infrastructure and training to protect against these threats. Failure to do so could have catastrophic consequences for the industry and the broader economy.
With our cutting-edge technology and experienced team, you can be sure that your business will be protected against any cyber threats that may come your way. DataGuard can help you build the infrastructure you need and the training your staff will benefit from.
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