"How Can the Energy Sector Bolster Its Resilience to Ransomware Attacks?"

Cyber threats to the energy sector have increased significantly as geopolitical tensions continue to drive state-sponsored cyber espionage. According to a report from Rockwell Automation on Operational Technology (OT) and Industrial Control System (ICS) cybersecurity incidents, the energy sector was targeted in 39 percent of all attacks, with about 60 percent attributed to state-affiliated groups. In addition to the threat of politically motivated attacks aimed at gaining a strategic advantage, threat actors are drawn to the potential financial gains from accessing large amounts of sensitive information. Attackers have also used the opportunity to cause significant operational disruption in order to force ransom payments. For example, the Cactus ransomware gang claimed to have stolen 1.5 TB of data in an attack against Schneider Electric. As cyberattacks and ransomware rates rise, energy providers are increasingly concerned about the industry's operational resilience, particularly as the risks are heightened by growing economic challenges and shifting regulatory demands. This article continues to discuss the importance of the energy sector strengthening its resilience to cyberattacks.

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