Risk and Threat Identification for the Energy Market
Few markets are more in flux than the energy sector. Updates to the regulatory models, climate change, geopolitical trends, and even the percentages of the types of energy being supplied are evolving rapidly.
Across all industries, the Energy sector has been identified as facing the highest risk of cyber attack, with an average cost of $360,000 per year per company due to attacks.
Regulatory and public policy continue to pull in multiple directions as the tension between public will and political influence continue to diverge.
Increase in Hacktivism Cyberattacks against Energy Utilities in 2020
2 in 5
Energy Executives report lack of data/insight as their biggest obstacle to managing risk
The Wisr platform constantly monitors global data feeds – from news, cyber breaches, social media, financial data, weather patterns and more – and turns this data into actionable insights.
Hackers and criminals change their attack vectors quickly and based on local and global events. Wisr unlocks the insights you need from global data sources to manage and monitor cyber risk across your vendor network.
By constantly monitoring changes in cyber breaches, hacks and more, coupled with changes in the external environment, Wisr provides you risk assessments to prioritize the inherent risk from your vendor and supply chain partners.
Our artificial intelligence and neural network platform creates firmographic "fingerprints" to profile cyber breaches and pattern match changing global conditions to provide early warning and risk profiles for your vendors.
Wisr keeps track of breach profiles and provides AI-driven analysis for your organization and vendor partners, with automated recommendations on how to improve protection and remediate risk.
To avoid further increases in cyber attacks, it’s clear that the energy sector must commit to improving its current security measures as it moves into 2023 and beyond. They must better understand cyber risks and how to mitigate them, better champion their own security culture, and invest in platforms that provide robust threat intelligence to support them.
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