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Here are a few examples of the potential outcomes of a cyber assault on the energy sector:
A power outage can affect a wide range of activities that rely on electricity. Lighting, heating, cooling, communication, and transportation are just a few examples. Businesses may lose revenue as a consequence of being unable to function, and consumers may incur greater costs as a result of having to use backup generators or other alternative power sources.
Every second that service is unavailable costs energy firms billions of pounds in potential losses.
Cyberattacks can potentially destroy valuable data and intellectual property, undermining the competitiveness of an energy provider by depriving them of key technological advantages.
An attacker who gains access to a facility's systems may be able to release hazardous materials or cause other environmental damage. This could contaminate water supplies, impact public health, or even result in loss of life.
In some cases, attackers may demand ransom payments in order to release any data they have taken hostage. This can put a severe financial strain on energy providers and may force the closure of essential facilities.
Energy companies are at high risk for cyberattacks due to their reliance on IT systems, OT infrastructure, and supply chain partners.
IT systems
This includes software used to gather and process data needed for essential business functions, such as financial operations, research and development, and market analysis.
Microminder Cyber Security Team Stats
2500+
Total customers globally
11K+
Web & Mobile Apps tested
20+
Countries worldwide
7M+
Users secured globally
99%
Of our recent pen tests identified vulnerabilities
59%
Of them contained critical and high risks.
40%
Were access and authentication related issues.
9K
Business risks were remediated last year.
We use rigorous techniques to identify vulnerabilities that otherwise would have gone undetected.
Our email security solutions are specially designed to help businesses in the energy sector stay safe online.
The energy industry relies on information technology systems and equipment. Our experts can assess these ICS/OT systems and recommend solutions to maintain and improve their reliability, efficiency and security.
Our team at Microminder are experts at providing comprehensive cloud security solutions to help defend critical data from infiltration.
We thoroughly examine third-party vendors to detect possible vulnerabilities that they may pose.
We can assist in meeting the most modern cybersecurity and data privacy regulations, including:
NIST CSF
GDPR
CCPA
ISO 27001
CMMC
DFARS
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