Category Archives: Energy & Utility

The UK energy sector faces an expanding OT threat landscape

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Critical infrastructure is under attack in almost every country, but especially in the United Kingdom. The UK was the most attacked country in Europe, which is already the region most impacted by cyber incidents. The energy industry is taking the brunt of those cyberattacks, according to IBM’s X-Force Threat Intelligence Index 2024. The energy sector […]

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Third-party breaches hit 90% of top global energy companies

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A new report from SecurityScorecard reveals a startling trend among the world’s top energy companies, with 90% suffering from data breaches through third parties over the last year. This statistic is particularly concerning given the crucial function these companies serve in everyday life. Their increased dependence on digital systems facilitates the increase in attacks on […]

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Today’s Biggest Threats Against the Energy Grid

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Without the U.S. energy grid, life as we know it simply grinds to a halt. Businesses can’t serve customers. Homes don’t have power. Traffic lights no longer work. We depend on the grid operating reliably each and every day for business and personal tasks. That makes it even more crucial to defend our energy grid […]

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2022 Industry Threat Recap: Energy

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In 2022, 10.7% of observed cyberattacks targeted the energy industry, according to the X-Force Threat Intelligence Index 2023. This puts energy in fourth place overall — the same as the year prior and behind manufacturing, finance and insurance and professional and business services. The report notes that this reduction in total cyberattacks may be partly […]

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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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One Year After the Colonial Pipeline Attack, Regulation Is Still a Problem

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The Colonial Pipeline cyberattack is still causing ripples. Some of these federal mandates may mark major changes for operational technology (OT) cybersecurity. The privately held Colonial Pipeline company, which provides nearly half of the fuel used by the East Coast — gasoline, heating oil, jet fuel and fuel for the military totaling around 100 million […]

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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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A New Cybersecurity Executive Order Puts the Heat on Critical Infrastructure Suppliers

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Ransomware. Five years ago, the cybersecurity community knew that term well, although among others it was far from dinner table conversation. Times have changed. Since early 2020, ransomware has hit a slew of headlines. People inside and outside of the security industry are talking about it, and many have experienced the ransomware pain firsthand. The […]

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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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