When we think of cyberattacks on electrical coops, we think of taking down our electrical grid. Operational technologies are modernized for efficiency and safety, but your electrical coop’s greater cyberthreat is what plaques other industries and businesses – data theft, fraud, ransomware. Is your IT side keeping up with the criminal’s strategies? In a recent West Monroe survey, 67% of utility leaders cited cybersecurity as their top concern of their converged IT and OT network. What strengthens all businesses is talking about cybersecurity. The Colorado electric coop, DMEA, did just
Category Archives: Ransomware
Lessons Learned: Electrical Coop Cyberattack
How Does Ransomware Work?
Ransomware is a major problem for companies around the globe. Did you know businesses lose about $8,500 per hour because of ransomware-induced downtime, according to Comparitech? The CISA reports that, even though agencies and governments remain vigilant to uphold data security, malicious actors continue to reinvent their ransomware tactics. According to KPMG, the Covid- 19 pandemic opened doors to a surge in ransomware as cyber criminals targeted the less fortified computer systems belonging to people working remotely. For a ransomware attack to be successful, it first needs to gain access