The nature of threats targeting the energy sector and other critical infrastructure companies is likely to continue to evolve in line with technological advancements. As infrastructure becomes increasingly connected and reliant on digital systems, the potential attack surface for cybercriminals rises. We can expect to see more sophisticated attacks that exploit specific vulnerabilities in these systems moving forward. Furthermore, the ever-growing value of data may lead to more targeted ransomware attacks that aim to extract or encrypt particularly valuable or sensitive information.
This latest study validates some of the findings from our cyber risk management work with industrial and energy companies. Vulnerabilities in third-party software and remote access to industrial equipment are certainly among the top contributors to cyber risk today. Critical infrastructure and energy sector sites have been increasingly targeted by threat actors and they all need to strengthen their cybersecurity posture. It is imperative for these companies to better understand their cyber risks, identify them and quantify them in monetary terms to drive data-driven decisions on cybersecurity investments.
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