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Protecting Oil and Gas Industry Infrastructure: Strategies for Resilience

SecureWorld News

To ensure energy security and economic stability, protecting the infrastructure is essential. A report from 2023 revealed that 67% of energy and utility companies faced ransomware attacks, with many incidents exploiting unpatched vulnerabilities.

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CISA Cuts: What They Mean for Cyber Defense for All

SecureWorld News

Organizationsparticularly those in critical sectors such as energy, healthcare, and financerely on CISA for guidance on emerging threats and best practices. In other words, dependence on government services for cybersecurity should always have a backup plan. However, the advice from Michael Hayden should be heeded.

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Cyber Threat warning issued to all internet connected UPS devices

CyberSecurity Insiders

The alert was issued on a joint note by the Department of Energy and FBI and urges all critical facilities to review the security of their power back up solutions to the core. UPS Devices are emergency power backup solutions that offer electric power help in the time of emergency to hospitals, industries, data centers and utilities.

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RedEnergy Stealer-as-a-Ransomware employed in attacks in the wild

Security Affairs

RedEnergy is a sophisticated stealer-as-a-ransomware that was employed in attacks targeting energy utilities, oil, gas, telecom, and machinery sectors. Zscaler ThreatLabz researchers discovered a new Stealer-as-a-Ransomware named RedEnergy used in attacks against energy utilities, oil, gas, telecom, and machinery sectors.

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Everest gang demands $200K for data stolen from South Africa state-owned electricity company ESKOM

Security Affairs

Eskom transforms inputs from the natural environment – coal, nuclear, fuel, diesel, water, and wind – into more than 90% of the energy supplied to a wide range of customers in South Africa and the Southern African Development Community (SADC) region. Government of the Republic of South Africa owned utility ESKOM Hld SOC Ltd.

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Colonial Pipeline attack spotlights risks of geographically dispersed networks in an industry that is ‘far behind’

SC Magazine

This provides attackers opportunities to sneak through cyber defenses as we saw in the water utility attack in Oldsmar, Florida earlier this year.”. Other critical infrastructure operators that face similar distributed network challenges include the electric grid and water and wastewater treatment utilities, said experts.

Risk 105
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4 ways ransomware can cost your business (in addition to extortion)

Webroot

Presumably this has to do with whether a target had readily available backups, and lost time due to back and forth with extortionists or time spent making a payment. Specifically, 70 percent of companies that didn’t pay a ransom were able to recover their data within a business day, compared to 46 percent that did.