Report by KnowBe4
Could Cyberattacks Turn the Lights Off In Europe?
Key Findings
Successful reported cyberattacks on UK utility companies surged by 586% from 2022 to 2023.
Security awareness training has significantly reduced phishing susceptibility in large energy organisations, dropping from 47.8% to 4% in one year.
94% of energy firms are pushing to adopt AI-driven cybersecurity due to revenue losses and disruptions caused by ransomware and phishing.
The average number of cyberattacks against the energy and utilities sector more than doubled between 2020 and 2022.
The energy sector reported three times more operational technology (OT)/industrial control system (ICS) cyber incidents than any other industry in 2023.
Phishing was behind 34% of attacks reported in the energy sector.
Small and medium-sized retailers saw significant declines in phishing susceptibility due to training, dropping from 29.3% to 3.7% for small retailers and from 33.3% to 4.2% for medium-sized retailers