Cybersecurity is paramount for companies in all industries, with global breaches predicted to cost $6tn by 2023, more than double the figure in 2015. But despite the importance of effective cybersecurity for the mining and mineral sectors, the industry has been slow to react, instead taking an “ad hoc” approach, according to a new study by EY.
The report, entitled Does cyber risk only become a priority once you’ve been attacked?, examines the stance that mining companies take on cybersecurity and asks whether more should be done. “Our primary objective was to increase awareness across the mining industry that cyber risk in mining companies is a real risk and that there are significant gaps in many organisations that need attention,” says EY global mining and metals cybersecurity leader Michael Rundus.
As the industry becomes increasingly digitalised, with automation taking over mine sites and artificial intelligence and big data increasing efficiency, the cyber threat will only continue to…
