Energy | Utilities

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.