The incidence of reported cybercrime among our respondents is sharply higher this year, jumping from 4th to 2nd place among the most-reported types of economic crime. Notably, it was the only economic crime to have registered an increase in that category. Over a quarter of respondents told us they’d been affected by cybercrime. Ominously, another 18% said they didn’t know whether they had or not.
Losses can be heavy. A handful of respondents (approximately 50 organizations) said they had suffered losses over $5 million; of these, nearly a third reported cybercrime-related losses in excess of $100 million.
Among survey respondents, reputational damage was considered the most damaging impact of a cyber breach – followed closely by legal, investment and /or enforcement costs. The insidious nature of this threat is such that of the 56% who say they are not victims, many have likely been compromised without knowing it. A concerning trend we have observed is that of hackers managing to remain on organizations’ networks for extended periods of time without being detected.
2015 Energy Industry Cybersecurity Report
Strategic Cybersecurity: A Toolkit for Prioritizing, Coordinating, and Transforming Your Cybersecurity Program