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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

Yet, boardroom focus on cyber risk appears to be diminishing. The perceived threat of cyber risk 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 cyber risk than a couple of years ago.

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Scanning for Flaws, Scoring for Security

Krebs on Security

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 Cyber Risk Score for ExxonMobil.

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Protecting Oil and Gas Industry Infrastructure: Strategies for Resilience

SecureWorld News

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.

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CISA JCDC Will Focus on Energy Sector

Security Affairs

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 cyber risks.

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Authorities Unsure if Spain, Portugal Power Outage Was a Cyber Attack

SecureWorld News

Spain's grid operator, Red Elctrica, reported a sudden drop in energy demand from 27,000 to less than 13,000 megawatts, indicating a rapid and widespread failure. This event is another wake-up call that our increasingly interconnected energy systems require comprehensive resilience strategies that anticipate failure.

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‘Everyone’s half asleep, and bosses don’t want trouble’: The struggle to secure utilities

SC Magazine

Padraic O’Reilly, co-founder of cyber risk firm CyberSaint, shared insights with SC Media, having worked directly with water systems, electric providers, energy companies and other utilities to assess cyber risk and prevent cyberattacks. Who’s the most secure among the utilities?

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MY TAKE: Iran’s cyber retaliation for Soleimani assassination continues to ramp up

The Last Watchdog

Issued a few days after the killing, the report assesses cyber risks 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.