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Cyber Attacks
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Cyber Attacks

A New Threat to the Energy Industry

Gabrielle Desarnaud
IFRI, 2016
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Editorial Rating

8

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  • Innovative

Recommendation

On December 23, 2015, some 200,000 people in the Ukraine experienced a power outage which lasted several hours. No storm or faulty equipment caused this electricity cut; it was, in fact, the result of a cyberattack. Gabrielle Desarnaud of the French Institute of International Relations explains the energy sector’s increasing vulnerability to cyberattacks, examines how cyberattacks on energy infrastructure could negatively impact the economy and looks at how Europe is working to overcome obstacles to the creation of “common cybersecurity culture.” getAbstract recommends this report to European Union policy makers and leaders within the European energy sector.

Take-Aways

  • Innovations in technology have increased the energy sector’s efficiency and revenues but have also put energy infrastructures at increasing risk for cyberattacks.
  • Focus on physical rather than IT protection, “off-the-self software” and phishing scams make energy companies vulnerable.
  • The economic impact of cyberattacks on even a small segment of the global energy sector would amount to hundreds of billions of dollars in losses.

About the Author

Gabrielle Desarnaud is a researcher at the French Institute of International Relations’ Center of Energy.

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