Cybersecurity is at the top of mind of all organizations as threats continue to escalate from nefarious players across the globe. Utilities have a huge burden to bear when it comes to securing the grid and vast amounts of infrastructure in place. As expansion and modernization of the grid evolves, so expands the number of interconnected cyber-enabled devices.
By definition, ransomware is a type of malicious software designed to block access to a computer system until a sum of money is paid (Oxford Languages). Many businesses, including utility companies, have been victimized by ransomware. In fact, 2020 saw the largest increase in global ransomware attacks to date. Specifically, Purplesec.us published the estimated cost of ransomware attacks at: