Amy Barnes, managing director, Energy & Power Practice, Marsh.
According to Marsh, energy executives are increasingly concerned about the impact of cyber-attacks on their operations.
Over three-quarters (76%) of respondents to a Marsh survey cited business interruption (BI) as the most concerning consequence of a cyber-attack for the energy industry. Marsh’s report – Could Energy Industry Dynamics Be Creating an Impending Cyber Storm? – was released at Marsh’s bi-annual Energy Industry Conference in Dubai during 6-8 March 2018.
The report, which draws on the findings from the Marsh-Microsoft Global Cyber Risk Perception Survey, looks at the most concerning cyber loss scenarios for energy executives, the industry’s understanding of cyber exposures, and how organisations plan to manage these risks in the future.
Key findings of the report include: (i) 76% of energy executives cited BI as the most impactful cyber loss scenario for their organisation, highlighting not only the growing threat cyber risk presents for the energy industry, but also the heightened risk any BI event could have on production and revenues. (ii) Despite…
