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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.
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.
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.
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. Understanding your risk is something that you have to do.
Consumers and organizations are enthused about the operational benefits of more robust mobile connectivity, but the shift to 5G networks doesn’t come without risks. Here we’ll discuss the most significant risks posed by 5G, how U.S. Table of Contents What Are the Cybersecurity Risks of 5G? How is 5G Different?
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.
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.
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.
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. »
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.
Security pros face great challenges in managing all the products and tools they use to handle the cyberrisks they face. It’s little wonder that many organizations have had to keep shipping code, though it’s rather alarming, and still poses an immense risk to our data and privacy.
Cedric Leighton is founder and president of Cedric Leighton Associates, a strategic risk and leadership management consultancy. 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.
» Related Stories Secrecy Reigns as NERC Fines Utilities $10M citing Serious CyberRisks Podcast Episode 131: suing Yahoo! Thirteen of the violations listed were rated as a “serious risk” to the operation of the Bulk Power System and 62 were rated a “moderate risk.” Read the whole entry. »
The OT Cybersecurity Framework or OT CSF is a foundational Operational Technology (OT) risk framework that covers all aspects of the OT environment. The OT CSF framework is built around five core functions: Identify – Develop an organizational understanding to manage risks to systems, people, assets, data, and capabilities.
. » 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.
London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyberrisk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.
The strategy aims to keep critical data secure within high-risk environments. With cyber capabilities of other nation states continuously improving and evolving. Justin McCarthy, Co-Founder and CTO of Strong DM agrees that developing Zero Trust strategies is an essential step towards mitigating cyberrisk.
Risk Assessment: Perform a comprehensive risk assessment related to network and information systems. Supply Chain Security: Assess the security of your supply chain and establish third-party risk management procedures. Essential entities ” span sectors such as energy, healthcare, transport, and water.
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. Initiate these steps promptly to mitigate the risk of delays.
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. It cites cyber incidents such as the 2021 Oldsmar water treatment facility hack as examples of real-world risks.
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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