Cyberattacks targeting utility firms at ‘alarmingly high levels’

Utility firms such as electricity providers have become the new frontier for cyberattacks, reaching “alarmingly high levels” last year, the International Energy Agency (IEA) has warned. Russia’s invasion of Ukraine gave fresh impetus to cyber criminals to attack electricity grids and demand ransoms from energy companies scarcely able to defend themselves due to a cybersecurity staff shortage, it said.

Worldwide, the average cost of a data breach in the sector in 2022 reached a record $4.7m (€4.3m) last year, the IEA said.

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Source: The Irish Examiner