We're sorry but your browser is not supported by Marsh.com.au

For the best experience, please upgrade to a supported browser:

X

RESEARCH AND BRIEFINGS

Securing Power, Utilities, and Other Critical Infrastructure from Growing Cyber Risks

 


The power and utilities industry faces more cyber attacks than any other critical infrastructure sector, according to Department of Homeland Security data.

The power and utilities industry faces more cyber attacks than any other critical infrastructure sector, according to Department of Homeland Security data.

The industrial control systems that supported the electricity industry were at one time largely sealed off from external threats. But with the introduction of automated controls managed through interconnected network systems, those protections have dissipated. As automation grows, so does the opportunity to manipulate an industrial control system through a cyber attack.

For utilities and other infrastructure facilities, the potential costs of a power grid interruption as a result of a cyber attack can include:

  • Lost revenue.
  • Additional expenses to restore operations and to improve cyber security defenses.
  • Regulatory fines and additional scrutiny.
  • Reputational damage.

Such attacks, though rarely made public, are occurring more frequently.

View or download the full article above.

Please log in or register above to view the full article.

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.