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Cyber Risk

Cyber security has shown the highest growth of concern among mining companies, reflecting both the increasing use of networked systems in all aspects of operations, from mining through processing to marketing, and an increasing awareness of the vulnerabilities such systems represent. The remote monitoring of individual plant items by manufacturers and suppliers is now commonplace (the leading providers of gearless mill drives and draglines, for example, provide telemetric monitoring solutions) and mineral processing operations, and downstream material handling operations are now increasingly controlled from off-site centers. Risk exposure to operations, combined with data privacy threats and fraud, led to more than a third (35%) of companies reporting cyber security concerns as a principal risk in 2015, compared with just 9% in 2005*.

*Marsh Report: Mining Risk Reporting: Emerging Trends in an Evolving Landscape

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