Category Archives: Energy and Utilities

What’s new in the 2023 Cost of a Data Breach report

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Data breach costs continue to grow, according to new research, reaching a record-high global average of $4.45 million, representing a 15% increase over three years. Costs in the healthcare industry continued to top the charts, as the most expensive industry for the 13th year in a row. Yet as breach costs continue to climb, the […]

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X-Force 2022 Insights: An Expanding OT Threat Landscape

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This post was written with contributions from Dave McMillen. So far 2022 has seen international cyber security agencies issuing multiple alerts about malicious Russian cyber operations and potential attacks on critical infrastructure, the discovery of two new OT-specific pieces of malware, Industroyer2 and InController/PipeDream, and the disclosure of many operational technology (OT) vulnerabilities. The OT cyber threat landscape […]

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Lessons Learned by 2022 Cyberattacks: X-Force Threat Intelligence Report

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Every year, the IBM Security X-Force team of cybersecurity experts mines billions of data points to reveal today’s most urgent security statistics and trends. This year’s X-Force Threat Intelligence Index 2022 digs into attack types, infection vectors, top threat actors, malware trends and industry-specific insights.  This year, a new industry took the infamous top spot: […]

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Report: Cost of a Data Breach in Energy and Utilities

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On average, the cost of a data breach rose by 10% from 2020 to 2021. The energy industry ranked fifth in data breach costs, surpassed only by the health care, financial, pharmaceutical and technology verticals, according to the 17th annual Cost of a Data Breach Report. Some energy cybersecurity measures can help reduce the cost […]

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Roundup: 2021 Energy & Utility Data Breaches and Defenses in the News

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Ransomware is evolving. How long until it takes down operational technology? In May 2021, Colonial Pipeline, one of the largest fuel pipelines in the United States, faced a ransomware attack. The company, which transports more than 100 million gallons of gasoline and other fuel daily from Houston to the New York Harbor, shut down work […]

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A New Directive for Pipeline Operators Puts Cybersecurity in the Spotlight

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It’s no secret that cyberattacks against critical infrastructure are increasing. The recent attacks against water treatment plants, pipelines, vital hospital systems and food processing facilities have all made recent headlines and demonstrate the vulnerability of all types of critical infrastructure providers. The attacks have caused chaos, value chain disruption and crippling fuel shortages, and we […]

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Expert Interview: How to Secure Critical Infrastructure With Operational Technology

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In April 2021, the U.S. government announced a new effort to protect industrial control systems (ICS) from cyberattacks. For the cybersecurity community, the announcement may come as no surprise. Vulnerabilities in critical infrastructure such as ICS and the operational technologies (OT) that run them have made frequent headlines. From public water system threats to research […]

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Expert Interview: How to Secure Critical Infrastructure With Operational Technology

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In April 2021, the U.S. government announced a new effort to protect industrial control systems (ICS) from cyberattacks. For the cybersecurity community, the announcement may come as no surprise. Vulnerabilities in critical infrastructure such as ICS and the operational technologies (OT) that run them have made frequent headlines. From public water system threats to research […]

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How Utilities Can Mitigate Cyberthreats

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Digitalization is propelling utilities into a new world of technology adoption – and opening them up to new threats. Huge growth in the electrification of industry, green energy goals and evolving customer demands are pushing utilities to build … Continue reading How Utilities Can Mitigate Cyberthreats→

Defending the Oil and Gas Industry Against Cyber Threats

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The oil and gas industry is one of the most powerful financial sectors in the world, critical to global and national economies. Therefore, this industry is a valuable target for adversaries seeking to exploit Industrial Control Systems (ICS) vulnerabilities. As the recent increase in attacks against ICS demonstrates, adversaries with a specific interest in oil and […]

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