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The data shows how perceptions around cyber and technology risks, from ransomware and other cyber-attacks to the threats posed by AI, are changing the global business risk landscape. Yet, boardroom focus on cyberrisk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.
With the increasing reliance on digital technologies for operational efficiency, this sector has become a prime target for sophisticated cyber and physical threats. To ensure energy security and economic stability, protecting the infrastructure is essential.
Padraic O’Reilly, co-founder of cyberrisk firm CyberSaint, shared insights with SC Media, having worked directly with water systems, electric providers, energy companies and other utilities to assess cyberrisk and prevent cyberattacks. Who’s the most secure among the utilities?
Due to the attack, thousands of street lamps remained illuminated throughout the day, wasting significant energy and money. The hackers are believed to have deployed ransomware and are demanding a seven-figure payment to decrypt data and restore systems. It bears quite a few of the hallmarks of a state-sponsored cyber operation.
The National Cyber Security Bill 2024 is the legislative vehicle for transposing NIS2 into Irish law. For example, the Commission for the Regulation of Utilities (CRU) will become the ‘competent authority’ for the energy, drinking water and wastewater sectors. The ceremony takes place in London on 12 November.
In this Spotlight Podcast, host Paul Roberts talks with Chris Walcutt, the CSO of DirectDefense about the rising cyber threats facing operational technology (OT) and how organizations that manage OT - including critical infrastructure owners can best manage increased cyberrisks to OT environments. Read the whole entry. »
Resecurity warns of rising cyberattacks on the energy sector, some linked to large-scale campaigns targeting national infrastructure for geopolitical aims. Resecurity warns about the increase in targeted cyberattacks against enterprises in the energy sector worldwide. In response to these growing threats, the U.S.
In a new Enforcement Alert , the agency is calling on water utilities to immediately enhance their digital defenses to protect public health and safety. Kip Boyle , vCISO, CyberRisk Opportunities LLC, said he worries the EPA's actions do not go far enough. water systems often lag behind.
For every attack we hear about on the news, there are a hundred more that were prevented or detected and responded to by the cyber heroes behind the scenes. I’ve always believed that the best way to build a strong cybersecurity program is to utilize all the data. The Rise of Ransomware. Ransomeware-as-a-Service.
In this blog, I’m exploring these changes, grouped under key categories that I’ve used in previous years, to help business leaders and cyberrisk owners better prepare for the evolving landscape. Ransomware remains a prominent threat, but the methods have evolved.
Therefore, many countries are looking for their way into the new technological order, investing in promising research and development in a variety of areas: AI and machine learning, quantum computing, optical electronics, new materials, energy sources and types of engines, satellites and telecommunications, genetics, biotechnology and medicine.
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