Energy executives are becoming more concerned about the impact a cyber-attack could have on their organisations, but greater understanding, quantification, and mitigation strategies may be needed to tackle this growing risk.
Based on findings from the Marsh-Microsoft Global Cyber Risk Perception Survey, Marsh’s report, Could Energy Industry Dynamics Be Creating an Impending Cyber Storm? examines the most concerning cyber loss scenarios for energy executives, the industry’s understanding of cyber exposures, and how organizations plan to manage these risks in the future.
Key findings include:
- 76% of energy executives cited business interruption (BI) as the most impactful cyber loss scenario for their organizations, highlighting not only the growing threat cyber presents for the energy industry, but also the increasing effect any business interruption could have on production and revenues.
- Energy executives were more likely to name physical damage and disruption/interruption industrial systems or other operational technology than respondents from other industries.
- Despite more than half of energy executives naming cyber as a top-five risk, more than half (54%) of energy executives have not quantified or did not know what their worst possible loss exposures could be.
To find out more, download the report.