Reports from the U.S. Government Accountability Office (GAO) and Siemens highlight both the increasing cyber threats faced by the electric utility companies and the lack of adequate readiness to respond to these threats. According to these reports, a cyber-attack on the electric grid could cause “severe” damage.
SOAR solutions have been on the rise within the framework of cyber security practices. As a result, the use cases and benefits of SOAR have been being discussed recently. In this article, we will take a closer look at how SOAR can improve the overall security posture and threat detection performance of your organization. What is SOAR?
Ah, the wonders of technology. In the innovation-rich Information Age, we are the beneficiaries of a nonstop wave of new advancements, each offering the ability to execute vital tasks faster and more efficiently than ever before. However, along with each breakthrough comes potential security vulnerabilities.
One of the leading producers of automation tools is still experiencing outages after being hit by a ransomware attack over a week ago. German giant Pilz notified the prosecutor's office and the Federal Office for Security in Information Technology after experiencing a coordinated cyberattack on Sunday, October 13. The company has set up an incident response team to identify the source of the attack and mitigate the issue but has warned that these outages will persist for several more days.
Unsurprisingly, cyber attacks are growing in the business sector and not just in the United States but world-wide. Cyber-attacks represent the greatest risk in six out of ten of the top economies in the world. The report presented by the World Economic Forum discusses formjacking, cryptojacking, ransomware like LockerGoga and other cyber-attacks of which CEOs around the globe are starting to become more aware.
It used to be that businesses needing their own large computer networks had to do everything themselves. They had to buy all of their servers, all of their networking appliances. They needed the physical space on premises for all of their datacenters, the HVAC people to keep everything cool, and the massive electricity bills to keep all of that going.
To protect the integrity and safety of their business-critical assets, cybersecurity must be a top priority for the oil and gas industry. Although they operate some of the nation’s most critical systems, securing these complex infrastructures can be a huge challenge.
Undoubtedly, today’s cyber threats are very fast and sophisticated. Even their detection and prevention is no longer an easy task. To prevent organizations from being a victim of cyber threats and attacks, a proactive cybersecurity approach must be used. That is the reason the Cyber Threat Intelligence (CTI) framework comes into place. CTI has become a critical tool for organizations trying to protect their networks and infrastructure.
