Energy firms assess costs of cyber attacks

Cyber attacks on energy firms are growing each year – an alarming fact for chief risk officers who are becoming ever-more involved in cyber risk management

Cyber attacks on the energy industry are growing in number and sophistication each year, making it imperative that energy firms develop and maintain a sophisticated cyber risk management programme. However, achieving this is extremely challenging, say chief risk officers (CROs) and cyber security experts.

It is widely agreed firms should take a holistic approach to cyber risk management in order to avoid a sub-optimal patchwork of controls springing up. But communicating at an enterprise level