A report from Trustwave SpiderLabs has revealed a concerning 80% rise in ransomware attacks against the utilities sector in 2023, primarily affecting the United States, which accounts for 47% of incidents. The aging electrical infrastructure, averaging 40 years and with a quarter over 50 years old, is a major factor in this vulnerability. Key findings reveal that data breaches impact utilities financially by an average of $500,000, with phishing being the most common breach technique. Ransomware groups like Hunters International pose significant risks, indicating urgent need for upgrades and cybersecurity measures.
A report demonstrates an alarming 80% rise in ransomware attacks on the utilities sector in 2023, with the U.S. as a prime target, revealing critical vulnerabilities.
Outdated electrical infrastructure, with 25% exceeding 50 years in age, significantly contributes to the increasing number of cyberattacks against U.S. utilities.
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