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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.
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. This significantly reduces the risk of unauthorized access.
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.
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.
In recent years, a surge in cyber-attacks targeting critical infrastructure has been observed globally. The transition to remote work during the pandemic has also exposed new vulnerabilities, increasing susceptibility to phishing attacks. Essential entities ” span sectors such as energy, healthcare, transport, and water.
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 Fast-thinking Ferrari staffer red flags a phishing attempt.
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.
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. An insider unknowingly clicking a phishing link or downloading a malicious file could leave the door wide open for attackers.
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. Ransomeware-as-a-Service.
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.
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