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Canadian electric utility Nova Scotia Power and parent company Emera are facing a cyberattack that disrupted their IT systems and networks. is a vertically integrated electric utility serving the province of Nova Scotia, Canada. or Caribbean utilities. The cyber incident is not expected to impact financial performance.
For some, a cyber criminal matches some of the Hollywood tropes: a person sitting alone in a dimly lit room, furiously mashing on a keyboard to steal information from a person or company. Those days are behind us, however, as cybercrime is establishing itself as a business in and of itself.
is a vertically integrated electric utility serving the province of Nova Scotia, Canada. Its operations encompass generation, transmission, and distribution of electricity, utilizing a diverse mix of energy sources including coal, natural gas, hydroelectric, wind, tidal, oil, and biomass. or Caribbean utilities.
2️ CyberAttacks Against Energy (Oil & Gas) and Nuclear Sectors Critical infrastructure across all domains continues to remain a focal point for cyber-attacks, orchestrated by both cybercriminal elements and nation-state actors.
London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. The economic impact of cybercrime on business across the globe continues to reach new levels, with the cost predicted to reach US$10.5
China-linked threat actors are preparing cyberattacks against U.S. FBI Director Christopher Wray warned this week that China-linked threat actors are preparing an attack against U.S. The Volt Typhoon group has been active since at least mid-2021 it carried out cyber operations against critical infrastructure.
Cybercrime is a growth industry like no other. According to the 2021 IBM Threat Force Intelligence Index , Manufacturing was the industry most likely to be attacked last year, comprising 23.2% of cyberattacks IBM handled. In 2020 alone, 79 ransomware attacks were conducted against government entities in the U.S.,
We can therefore expect that cybercrime groups from either block will feel safe to attack companies from the opposing side. The economic downturn (caused by energy prices, inflation, sanctions, etc.) Stefan Soesanto, Senior Cyber Defense Researcher, The Center for Security Studies (CSS) at ETH Zürich.
However, one recently introduced UK cybersecurity law, which was meant to boost the resilience of the UK's energy sector by obliging gas and electricity firms to report to hacks, doesn't appear to be very effectively adopted. ISPs, utilities) and energy sector firms (i.e. Cybercrime to cost over $10 Trillion by 2025.
Since 2016, this cybercrime organization has been building customized tools to invade the world's telecommunications sector. In the investigation, it was uncovered that LightBasin put energy towards Linux and Solaris systems, avoiding the more robust monitoring systems by Windows. ".
For example, #CybersecurityAwarenessMonth, celebrating its 20th anniversary this October, aims to empower people and organizations across every sector to protect critical assets against cybercrime. Reducing the risk of attacks such as ransomware and malware on CNI will be paramount to the stability of national economies for the years to come.
Industroyer2 was discovered in the network of a Ukrainian energy provider, and it is very unlikely that the attacker would have been able to develop it without access to the same ICS equipment as used by the victim. Ransomware attacks observed in the first weeks of the conflict qualify as distractions at best.
FBI confirmed that the attack against the Colonial Pipeline over the weekend was launched by the Darkside ransomware gang. Federal Bureau of Investigation confirmed that the Colonial Pipeline was shut down due to a cyberattack carried out by the Darkside ransomware gang. ” reads the statement published by the FBI. .”
We each need to consider how these trends may affect our organizations and allocate our budgets and resources accordingly: AI will turbo-charge cybersecurity and cyberthreats: Artificial intelligence (AI) will boost both attackers and defenders while causing governance issues and learning pains.
While the world transitions out of the pandemic, cyber adversaries have continued to take advantage of the chaos – cyberattacks have skyrocketed and are only becoming more frequent, destructive, and sophisticated. Ransomware – the hacker’s current cyber weapon of choice.
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