Sectors like energy and utilities face more security breaches compared to other types of failures

The second-ranked industry for VEC engagement rate was the energy/utilities sector (56%).

The average number of cyberattacks against the energy and utilities sector more than doubled between 2020 and 2022.

There was a 1,033% surge in utility account fraud over the past year.

67% of credential access techniques used in energy and utilities sector attacks were brute force.

There was an 80% year-over-year increase in ransomware activity in energy and utilities sector.

19% of ransomware attacks against energy and utilities sector were conducted by Hunters International in H2 2024.

84% of attacks against energy and utilities sector originated from phishing.

$500,000 is the average financial impact of a data breach within the utilities sector.

47% of ransomware attacks against energy and utilities sector were in the United States.

96% of attackers targeting energy and utilities sector relied on remote services to move laterally.