Cyber Risk Management Solutions for the Energy Sector
Energy and power companies face a variety of cyber risk threats, including ransomware and various forms of theft. The energy sector is also a growing target for hackers and others who may be motivated to disrupt critical national infrastructure through cyber attacks for either political or competitive reasons.
These cyber attacks can result in operational disruptions, potentially affecting commitments to midstream supply and further impacting downstream energy operations and customers. What’s more, cyber attacks can result in substantial financial impacts, including:
- Lost earnings.
- Incident response costs and other extra expenses.
- Liability for failure to fulfill contractual obligations.
- Regulatory investigations and fines.
To protect your business against cyber risks, our team of over 230 cyber insurance specialists is equipped to help you assess your coverages, evaluate optimal risk transfer strategies, and design easy-to-understand insurance protection. Download this overview to learn more about cyber risk management solutions so you can better understand, measure, and manage cyber risk.