90% of the world’s largest energy companies experienced a third-party breach in the past 12 months, according to SecurityScorecard.
Powering the global economy and everyday activities, the energy sector’s significance makes it a key focus for cyber threats. The urgency to protect this critical sector grows amid economic and political uncertainties. Cyberattacks on energy don’t just cause financial losses and disruptions; they also impact manufacturing, healthcare, and transportation.
Third-party breaches in the energy industry
- 100% of the top 10 US energy companies experienced a third-party breach.
- 92% of the energy companies evaluated have been exposed to a fourth-party breach.
- 33% of energy companies had a C Security Rating or below, indicating higher likelihood of breach.
- In the last 90 days, researchers identified 264 breach incidents related to third-party compromises.
- MOVEit was the most prevalent third-party vulnerability in the last six months, with hundreds of companies impacted around the world.
Ryan Sherstobitoff, SVP of Threat Research and Intelligence, SecurityScorecard, said: “More than two years after the major US pipeline ransomware…
