If there is anything that our last few briefs on Volt Typhoon and the concerns over Chinese activity have proven, it is that cybersecurity is a global issue. And it is an issue that’s impact hits many levels and sectors – from consumers to executives and from public to private. But,one of the most targeted areas continues to be critical infrastructure. The European Repository of Cyber Incidents (ERCI) reported that healthcare, financial organizations, telecommunications, transportation, and energy are some of the most frequent cybercrime victims, only to be followed by other fields including political and state systems.
THE ONGOING ATTACK ON CRITICAL INFRASTRUCTURE
One of the biggest spotlights to highlight the threat such areas of critical infrastructure faces has been geopolitical conflicts, which we also previously covered. That, unfortunately, continues. According to SC Magazine, around 20 water, energy, and heating providers across Ukraine were recently notified by a Computer Emergency Response Team that they had been compromised by Russian-backed group, Sandworm. Considering the risk lurking, agencies in the U.S. have been spurred into action. The Cybersecurity and Infrastructure Security Agency has proposed an updated rule recruiting critical infrastructure operators to report cyber cases within 72 hours and ransomware payments within 24 hours. The Environmental Protection Agency and the White House are also revisiting rules for water plant facilities. They recently met with a group of governors to set a goal of having cybersecurity plans for their systems drawn up by June 28.
CAN AI HELP?
As initiatives to enhance cybersecurity expand, there is another player poised to take on a greater role – AI. Citing a MeriTalk study, Security Magazine reported that “80% of cybersecurity decision makers say accelerating artificial intelligence (AI) adoption is critical to their organization’s resilience against evolving threats.” In fact, the AI in cybersecurity market has been projected to reach $102.78 billion by 2032.
Read the article in full here.
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