(Bloomberg) -- A cyber-attack has never taken down a U.S. fuel pipeline quite as big as the Colonial Pipeline. The Hiscox cyber readiness report announces that they conducted a survey of more than 4000 organizations. GlobalData's TMT Themes 2021 Report tells you everything you need to know about disruptive tech themes and which companies are best placed to help you digitally transform your business. June 2019. Cybersecurity Careers. The European Network of Transmission System Operators for Electricity (ENTSO-E) has become the latest power sector organisation to have fallen victim of a cyberattack. Even if OT Systems Are Not Compromised, Cyberattacks Against IT Networks of Energy Suppliers Are Common. The nation is not sufficiently organized to counter the aggressive tactics used by our adversaries to infiltrate, map, deny, disrupt, and destroy sensitive cyber systems in the private sector. A new Deloitte Global report, “Managing cyber risk in the electric power sector,” evaluates the biggest cyberthreats to the electric power sector and … In January 2019, the Director of National Intelligence publicly assessed that “China has the ability to launch cyberattacks that cause localized, temporary disruptive effects on critical infrastructure—such as disruption of a natural gas pipeline for days to … Power Technology investigates the five biggest cyberattacks to the power sector in the last five years. The ransomware attack on the 2.5 million barrels per day Colonial Pipeline endangered access to fuel for the US East Coast. The average cybersecurity budget in the energy sector is about 10% less than the average in other sectors. At the same time, such a transition is a key reason for energy sector to now become a target for cyberattacks, which can provoke physical damage. October 19, 2020. … It’s estimated that 2025 will see 64 billion connected IoT devices. Because many industrial facilities run around the clock, it isn’t easy to take down plants to patch outdated systems, keeping older machines in place and providing “the perfect path for cyber pathogens” once they are connected to company networks, said Grant Geyer, chief product officer of Claroty Ltd., a cybersecurity company that specializes in critical infrastructure environments. 09.07.2019 10:00 am Security News This Week: An Unprecedented Cyberattack Hit US Power Utilities Exposed Facebook phone numbers, an XKCD breach, and … The IEC Systems Committee on Smart Energy has published a new Technology Report on best practices for protecting the electric grid against cyber attacks. The U.S. Department of Homeland Security (DHS) published reports tracking cyber-attacks for six years, and in that time the energy sector was the most-targeted subsector of all U.S. critical infrastructure, with more than half of all reported incidents being classified as advanced persistent threats from sophisticated actors.The physical impacts of cyberattacks have been observed … Analysts said a closure of the pipeline for a few days shouldn’t have dramatic market impacts, because inventories of gasoline have been readied for the summer driving season and usually get replenished every five to six days. The Colonial ransomware attack is a high-profile example of the online assaults that U.S. companies, schools, hospitals and other organizations now face regularly. However, several characteristics of the energy sector heighten the risk and impact of cyberthreats against utilities (Figure 1). The attack wasn't something that an unskilled or untrained user could perform. 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