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For years, potential creditors have judged the relative risk of extending credit to consumers based in part on the applicant’s credit score — the most widely used being the score developed by FICO , previously known as Fair Isaac Corporation. Data accidentally released by FICO about the CyberRisk Score for ExxonMobil.
The JCDC has seen the benefits of collaboration for exigent risks (such as the heightened awareness and protection related to Russia’s invasion of Ukraine and the Log4Shell vulnerability) but sees a remaining gap when it comes to imminent risk. To address this gap, the JCDC is planning proactive measures for future cyberrisks.
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?
Issued a few days after the killing, the report assesses cyberrisks of North American electrical utilities, identifying 11 hacking groups that target energy sector companies. The Drago report lends color to this looming threat, a threat that was in place when a U.S. drone fired on Gen. Soleimani’s carcade.
Michael DeLoach, Solution Consultant at Iceberg Networks and Mitch Blackburn, Global Head of Energy & Utilities Industry Solutions at ServiceNow discuss how organizations within the energy industry can balance the workload associated with audit and compliance exercises.
Michael DeLoach, Solution Consultant at Iceberg Networks and Mitch Blackburn, Global Head of Energy & Utilities Industry Solutions at ServiceNow sat down to answer some more of the questions that they are hearing within the energy industry about how organizations should respond to new and changing regulations.
Commercialization acceleration: Microsoft has been selected as one of two companies in DARPA's US2QC (Utility-Scale Quantum Computing) program, aiming to fast-track practical quantum systems. Energy & sustainability: Optimizing carbon capture, finding catalysts to break down plastics, and improving battery materials.
Security pros face great challenges in managing all the products and tools they use to handle the cyberrisks they face. Secure and insecure code requires the same effort to write; it’s gaining the knowledge to code securely that takes the real energy. sebastian.rittau CreativeCommons Credit: CC BY 2.0.
Due to the attack, thousands of street lamps remained illuminated throughout the day, wasting significant energy and money. The better you understand these risks, through your assessment phase, the better job you can do in protecting against them and in planning for them." However, the lighting issue was just the tip of the iceberg.
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. »
Companies everywhere must develop a culture where cyberrisk receives treatment as an essential corporate duty – and further, organizations get rewarded for such behavior. How 5G Goes Beyond 4G. Objectives for 5G Implementation.
» Related Stories Secrecy Reigns as NERC Fines Utilities $10M citing Serious CyberRisks Podcast Episode 131: suing Yahoo! Together, the “collective risk of the 127 violations posed a serious risk to the reliability of the (Bulk Power System),” NERC wrote. Read the whole entry. »
Since founding Cedric Leighton Associates, he has become an internationally known strategic risk expert. Leighton is also a founding partner of CYFORIX, specializing in the field of cyberrisk. Prior to joining Delta Dental, Almeida was the CISO at Covanta Holding Corporation, a leader in energy-from-waste management services.
. » Related Stories Spotlight Podcast: Security Automation is (and isn’t) the Future of Infosec Episode 159: Deep Fakes and Election (in)Security with ZeroFOX Spotlight Podcast: Rethinking Your Third Party CyberRisk Strategy. If you believe the headlines, the first known disruptive cyber attack against the U.S.
These systems are integral to critical infrastructure sectors such as energy, critical manufacturing, transportation systems, government facilities, emergency services, healthcare, and utilities, and must ensure the safety, reliability, and efficiency of operations. Read More: NIST Cybersecurity Framework SP 800-82 Rev.
Yet, boardroom focus on cyberrisk appears to be diminishing. The perceived threat of cyberrisk to global business leaders peaked in 2021 (34%) and over the past two years, the risk perception has dropped (27%). But worryingly they appear less concerned by cyberrisk than a couple of years ago.
If energy, dollars and effort to apply Zero Trust is entirely focused on the infrastructure and OS components of cloud, data center or hybrid deployment patterns the bad actors will simply move their efforts to the attack surface that isn’t conditioned to Zero Trust. Zero Trust without API security is simply, not Zero Trust.
Essential entities ” span sectors such as energy, healthcare, transport, and water. These sectors play a pivotal role in the functioning of society and the economy, making them primary targets for cyber threats. Identify areas with insufficient visibility and potential cyberrisks.
To enhance Europe’s resilience against existing and emerging cyber threats, the NIS2 Directive introduces new requirements and obligations for organizations in four key areas: risk management, corporate accountability, reporting obligations, and business continuity. medical devices and other equipment) Digital Providers (e.g.
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. MORE The UK is now treating data centres as critical infrastructure.
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 first line of your enterprise’s defense is your people!
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.
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. The emergence of shadow AIunauthorised AI tools used without IT approvalamplifies these vulnerabilities.
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