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.
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.
The average number of cyberattacks against the energy and utilities sector more than doubled between 2020 and 2022.
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
94% of energy firms are pushing to adopt AI-driven cybersecurity due to revenue losses and disruptions caused by ransomware and phishing.