Industry articles

The manufacturing sector has suffered the highest percentage of cyberattacks of any sector for three years in a row, according to IBM’s latest X-Force Threat Intelligence Report. Of the top 10 attacked sectors, manufacturing suffered 25.7% of all attacks, followed by finance and insurance at 18.2%. The highest “action on objective”—meaning “the cyber attacker’s end goal”—was malware. Ransomware represented 17% of actions on objective. The same report reveals that 85% of attacks on critical infrastructure could have been prevented with […]

The financial services industry has historically been one of the most targeted industries for cyberattacks, and it’s not difficult to imagine why. Roughly 95% of attacks are financially motivated, and hackers are going directly to the source by targeting the financial services sector. Not only do these financial institutions have direct access to cash, they also tend to be high-revenue businesses that can’t afford to be disrupted or take a reputational hit, so they’re more likely to pay a ransom.  […]

It’s not often that we cover specific breaches, but sometimes one comes along that is so substantial and insightful that we believe it’s worth talking about. Such is the case with the recent Change Healthcare ransomware attack. This attack disrupted the entire U.S. healthcare system, forcing facilities to shut down, leaving patients without access to medication and care, and costing large hospitals and pharmacies upwards of $100 million per day. In many ways, the Change attack was nothing new. Bad […]

2023 has furnished an onslaught of data breaches, smashing 2022’s numbers, and putting an exclamation point on the need for companies of every size to invest in cybersecurity. By September 2023, there were already 20% more data breaches in the US than in the entirety of 2022. Probably most alarming is that 98% of all organizations have a relationship with at least one vendor that has been breached in the last two years. In an extensive study of the 2023 […]

Cyberattacks are one of the biggest threats facing businesses today, and the energy and renewables sector is not exempt. In fact, energy companies frequently make the list of the top 10 industries targeted by attackers. As the industry undergoes massive change, it’s entirely possible that energy companies become an even more enticing target. There are several reasons the industry is so vulnerable, but chief among them is the large attack surface. Vulnerabilities exist not just in power plants, but in […]