Utilities

Institutions in the Power and Utilities industry are not free from the cyberthreats that lurk the digital world. According to ReliaQuest’s Threat Landscape Report: Uncovering Critical Cyber Threats to Utilities, threat actors are increasingly using ransomware to target organizations within the industry through their Operational Technology (OT Systems) that have integrated IT features. Thus, successful attacks will not only entail additional costs for the organization but may also lead to potential dangers due to the malfunctions of their operations.

Utilities cybersecurity threats in numbers

%

INCREASE OF CYBERATTACKS ON UTILITIES IN 2023

According to The Anatomy of Cybersecurity: A Dissection of 2023’s Attack Landscape

%

INCREASE OF RANSOMWARE ATTACKS ON UTILITIES

According to Threat Landscape Report: Uncovering Critical Cyber Threats to Utilities

%

WEARABLE DEVICES ARE AT RISK DUE TO COMMON SECURITY VULNERABILITIES

According to The Anatomy of Cybersecurity: A Dissection of 2023’s Attack Landscape

The Cost of Incidents

Average ransom payment in 2024 for Utilities

According to Sophos

$3,225,093

The State of Ransomware in Critical Infrastructure 2024

The Average Cost of a Data Breach in the Energy Industry

According to IBM

$4.65 Million

The Cost of a Data Breach Report 2024

The Averace Recovery Cost in Critical Infrastructure from Ransomware Attacks

According to Sophos

$3.12 Million

The State of Ransomware in Critical Infrastructure 2024

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