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This is the third of three blogs in a series to help the energy and utility industries. You can read the first blog on Ransomware and Energy and Utilities and the second blog on Threat Intelligence and Energy and Utilities as well. for utilizing IoT. CSA_STOP-MCA-AGAINST-OT_UOO13672321.PDF
Smart meters are transforming the way we manage energy consumption. Central to the Smart Grid (SG) initiative, these devices facilitate two-way communication between utilities and household appliances, enabling real-time monitoring and control. Security risks Despite their benefits, smart meters introduce several security risks.
London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & TechnologyRisks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.
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.
While any business is a potential target for hackers, critical infrastructure organizations including defense, healthcare, energy, utilities, and financial services companies are perhaps most at risk due to their financial resources. Department of Defense, to global tech giants, to utilities, banks and other vital services.
The US FERC and NERC published a study on cyber incident response at electric utilities that also includes recovery best practices. Federal Energy Regulatory Commission (FERC) and the North American Electricity Reliability Corporation (NERC) released a study on cyber incident response and recovery best practices for electric utilities.
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.
The utility industry is undergoing changes that were unimaginable just a few decades ago. But it also includes smart devices that monitor every aspect of today's utilities. But what does 5G mean for utility IoT? Whether it's faster internet, cleaner energy, or world peace, you will see this character's name.
The State of Cybersecurity in Canada 2025 report, published by the Canadian Cybersecurity Network (CCN) and the Security Architecture Podcast , delivers an in-depth analysis of the evolving threat landscape, emerging risks, and strategic recommendations for Canadian organizations. Key findings: the cyber threat landscape in 2025 1.
Data Encryption Shields the Energy Sector Against Emerging Threats. The energy sector is part of the critical national infrastructure (CNI), and delivers services that are essential for modern life. Energy services companies are a lucrative target for adversaries. Wed, 01/13/2021 - 09:42. Cybersecurity challenges. A recent U.S.
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.
According to experts from Digital Watchdog RDI, solar panels are now vulnerable to cyber attacks, with hackers targeting the vulnerabilities in the inverters that store energy for powering smartphones, laptops, and small electrical gadgets. Between 2015 and 2021, approximately 16.3
“InfraGard connects critical infrastructure owners, operators, and stakeholders with the FBI to provide education, networking, and information-sharing on security threats and risks,” the FBI’s InfraGard fact sheet reads. That InfraGard member, who is head of security at a major U.S.
That pace is unlikely to slow down over the coming years; Pagely noted that organizations are still turning to IoT devices as a way to automate and optimize their business processes as well as save on energy costs. The issue is that these tens of billions of new devices will likely amplify the inherent security risks of IoT.
According to a forecast by the International Energy Agency (IEA), electric car sales are expected to reach an all-time high in 2022. The primary technology to decarbonize the road transport sector, which accounts for 16% of world emissions , is electric automobiles. million EVs in the United States utilizes less than 0.5
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?
Most of our current online privacy protocols utilize cryptography to maintain privacy and data integrity. Quantum computing focuses on developing computer technology based on principles that describe how particles and energy react at the atomic and subatomic levels. What are the security risks? What is quantum computing?
Emerging standards Indeed, advanced technologies, new protocols and emerging best practices are at hand to help companies build and sustain trust. In visiting our customers over the past 18 months, I’ve seen a newfound energy for closely examining and more effectively managing PKI infrastructure, both internally and externally,” he says.
Big energy companies expect action whenever there is a move to end drilling leases for federal lands, in exchange for the tens of millions they contribute to congressional reelection campaigns. It turns out there is a natural opening for this technology: microlegislation. In some cases, the objective of that money is obvious.
Only by integrating these tools into your larger security reporting and analytics infrastructure, and by leveraging actionable responses, can one reduce the threat risk to an organization. An integration with Cigent Technology is now available for Secure Endpoint customers to integrate with. New Cisco Cloud Security Integrations.
As highlighted in the recent COP26 conference, human activity is causing unprecedented and potentially irreversible change to our environment, which is being driven by our production of harmful emissions and excessive energy consumption. But smart meters aren’t just saving energy in the homes of consumers. million units by 2026.
Real-Life Examples of Spear-Phishing Attacks in the Energy Production Sector. The threat of spear-phishing for energy companies is, unfortunately, not a theoretical one. Downloading them infected a user’s system with a type of trojan spyware not previously seen in other utilities industry cyberattacks. Not a New Concern.
From taking a shower, to brewing your coffee, and watching the news, your morning routine is fueled by the energy sector. If you’re like millions of other Americans, your TV is connected to the Internet and uses technology generated from the nation’s power grid. The Rising Threat. It also makes me fear that few are.
The incident has raised concerns within the energy sector, as Halliburton plays a crucial role in global oilfield operations, and any disruption to its networks could have far-reaching implications. The potential cyberattack on Halliburton underscores the growing threat to critical infrastructure and companies within the energy sector.
Cybersecurity concerns relating to the protection of data are having a significant impact on the modernization (or lack thereof) of critical and public utility infrastructure, with many utility companies failing to adopt new tools and technology available to them.
demonstrating the unique cybersecurity risks and vulnerabilities associated with geographically distributed networks. Just as oil and gas can flow up and down the pipeline, so can malware, reaching remote facilities whose IT and operational technology systems may not be adequately fortified to defend against an attack.
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.
2️ Cyber Attacks Against Energy (Oil & Gas) and Nuclear Sectors Critical infrastructure across all domains continues to remain a focal point for cyber-attacks, orchestrated by both cybercriminal elements and nation-state actors. This strategy goes beyond just deploying the latest technologies to combat AI and mobile threats.
Interest in industrial control systems (ICS) security has shot up in response to cyberattacks on organizations like the city of Oldsmar’s water utility , Honda , Merck , Maersk , and Johannesburg’s electric utility. New technologies have matured over the last few years to help build more advanced industrial security architectures.
The 2021 ISG Provider Lens Utilities Industry – Services and Solutions report for North America finds lockdowns and social-distancing requirements revealed new vulnerabilities in an industry that traditionally has focused on the risks of weather and natural disasters, the report says.
A growing risk of volunteer ideologically and politically motivated insiders, as well as insiders working with criminal (primarily ransomware) and APT groups – both at enterprises and among technology developers and vendors. Risk factors due to geopolitical ebb and flow. Continuing attacks on traditional targets.
ai DTI awards, focused on using artificial intelligence (AI) techniques and digital transformation to advance energy efficiency and lead the way to a lower-carbon, higher-efficiency economy that will ensure energy and climate security. .–( BUSINESS WIRE )–C3.ai ai Digital Transformation Institute ( C3.ai
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 cyber risks to OT environments. Read the whole entry. »
In fact, memory attacks have quietly emerged as a powerful and versatile new class of hacking technique that threat actors in the vanguard are utilizing to subvert conventional IT security systems. Virsec is a leading innovator of memory protection technologies. Here’s what I took away from our discussion: Transient hacks.
With a career spanning two decades as a technology provider to businesses and government agencies, Levine brings a strategic and pragmatic approach to building secure software and cloud services without disrupting product velocity. Since founding Cedric Leighton Associates, he has become an internationally known strategic risk expert.
Generative AI stands as one of the most transformative technologies of our era. The rise of generative AI brings forth notable risks that need careful management to ensure the technology benefits society without causing undue harm. However, it also introduced significant risks, including accidents and fatalities.
Whether perceived or real, a lack of understanding about blockchain technology has slowed the adoption of advanced distributed database technology in the past decade. We’ll look at what blockchain technology is, how its development relates to cybersecurity, and the state of blockchain-based security solutions.
electrical grid provides the country the power to enjoy all the luxuries of modern life and technology. The increased connectivity brought on by the Industrial Internet of Things (IIoT) allows for more real-time monitoring and adjustment of power, but with those benefits also comes greater risk.
And as the use of technology continues to increase across all aspects of shipping–from ship networks to offshore installations and shoreside control centres–so does the potential for cybersecurity breaches,' reported Heavylift PFI, quoting Tom Walters, partner at the Hollman Fenwick Willan law firm."
In an example from last year, lack of risk-based adoption of cloud software and lack of controls to prevent access to ICS networks caused service disruption at a US drinking water treatment facility, where cyber-attack via poorly controlled cloud software (desktop sharing) had increased sodium hydroxide levels in drinking water [v].
Security pros face great challenges in managing all the products and tools they use to handle the cyber risks they face. What suite of tools will work best for the existing technology stack? For example, RASP (runtime application self-protection) technology is often applied to harden security posture without sacrificing coding speed.
Digital technology, like music, is all about math. Here are a few key takeaways: The security bottleneck The next great leap forward in digital technologies will give us driverless ground transportation, green cities that continually optimize energy usage and self-improving medical treatments.
But in the flood of AI technologies, it’s difficult to know which tools deliver on their promises and which ones are just hype. They determine what acceptable risk looks like when implementing AI and the outcomes they’re looking for from different tools. They may want to decide when human review is appropriate or opt out altogether.
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