Benjamin Beberness, Vice-President, Industry Business Units, AspenTech outlines the steps energy businesses can take to boost their cybersecurity – and explains why they shouldn’t put too much onus on compliance
In the age of digital transformation, the power and utilities sector is under increasing cyber threat. Initiatives such as smart grid implementation and the push towards electrification are increasing such threats. This shift highlights the need for these industries to advance their cybersecurity strategies beyond mere compliance, prioritising the protection of their vital infrastructure to maintain the resilience of energy systems.
Evolving cyber threats demand more vigilant measures
Statistics from the International Energy Agency show that cyberattacks against utility companies globally have more than doubled between 2020-2022. Similarly, the Department of Energy in the US noted a significant increase in both physical and cyber threats to the US power grid in the first half of 2023 alone. These trends highlight the growing sophistication of cyber threats but also highlight the expanding array of targets across the industry, from digital grids to operational technology.
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