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‘Securing Power, Utilities, and Other Critical Infrastructure from Growing Cyber Risks’ US critical infrastructure operators are coming under increased pressure to protect their vital systems and assets from outside cyber threats as the number of attacks increase and stronger regulations are imposed, Marsh says in a new report. Nowhere is the growing threat more apparent than within the power and utilities industry, which faces more cyber-attacks than any other critical infrastructure sector, according to Department of Homeland Security (DHS) data. In its latest Marsh Risk Management Research briefing ‘Securing Power, Utilities, and Other Critical Infrastructure from Growing Cyber Risks’, Marsh examines the growing cyber threat to the US power grid and other infrastructure facilities; the evolving regulatory landscape; and steps utilities and other facilities can take to better protect their data and assets. Of the more than 200 cyber incidents investigated by the DHS’ Industrial Control Systems Cyber Emergency Response Team between October 2012 and May 2013, 54 percent occurred within the energy sector, far surpassing any other critical infrastructure sector. Mitigating the risks related to sophisticated cyber-attacks while navigating an increasingly complex regulatory environment is not an easy task, but there are steps utilities and other facilities can take to better protect their data and assets, Marsh says. In addition to industry-specific cyber insurance solutions, critical infrastructure facilities should focus on employee training; engage in system penetration testing and periodic threat assessment reviews; develop and test business continuity plans; and review and update procedures and responsibilities for gathering and processing claims information in the event of a loss. •Date: 23rd October 2013 • US •Type: Article • Topic: Critical infrastructure protection
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