A large proportion of economic growth comes down to energy. What motivates an attack in this industry is financial gain or wide-spread disruption to gain power often of a political nature. Attacks are regularly carried out by organised crime groups that are opportunistic in nature, who utilise vulnerabilities in systems that organisations in this field are often susceptible to.
Nation State Actors
A Nation State Actors goal is to compromise, disturb or sway an organisation, or specific individual, to gain access to research and /or intelligence that could have a significant impact on those involved. The end-goal is for monetary gain, social change or to enhance or discredit a reputation.
Ransomware
Ransomware attacks on energy companies across the globe have risen. High ransom demands, time spent on remediating threats and safeguarding data and time lost on navigating the threat landscape puts organisations at a tremendous financial loss.
Web Applications
Vulnerabilities in networks allow criminals with the opening to gain access to databases, sensitive data and financial details. Once the information is obtained, this can rapidly escalate into a ransomware situation, which has the potential to cripple an entire corporation in a matter of minutes.
Effective security always comes down to three key elements. Processes, people and technology.
Processes must run seamlessly alongside the organisation. Security experts must have the capability to detect, react and understand the context of a risk. And the technology must be superior, to keep up with cyber threats. All elements are equally as important, and you must have all three to ensure security.
Between 63% - 95% of attacks in Energy are motivated by financial gain – a single ransomware attack can cripple a business in minutes.
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