Ransomware
Webinar: What Building Owners Need to Know About Cyber Security Insurance!
November 28th, 202285% of All Cyber Crimes Go Unreported
November 21st, 2022
Buildings Can Do Much More To Reduce Their Cyber Security Risk
The ultimate vision of mass hyper-connected smart buildings hosting hundreds of interconnected devices will not be possible without addressing a wide range of building specific cybersecurity issues. Each system, device, router, server, and gateway, including their multiple versions and iterations, introduces its own cyber security risk to the building. And, without strict segmentation, unauthorized access […]
We Need to Talk About Cyber Security Insurance for Commercial Buildings!
Cyber attacks are one of the greatest threats facing buildings as they become connected and smart, but ensuring smart buildings are insured for cyber threats is also becoming increasingly difficult. The rising vulnerability of connected buildings is driving limited cyber-coverage and some brokers have even withdrawn from the space altogether. There are some early signs of […]
Global Revenues for Smart Building Cyber Security Reached $4.33Bn in 2021
Cyber security consistently ranks as one of the top 3 concerns worrying organizations that are considering investment in IoT or digital transformation projects. Spending on cyber security has surged in recent years, driven by major trends including the rise in ransomware attacks, a series of high-profile breaches and the massive security challenges posed by the […]
“Cybersecurity is a Shared Responsibility. We are All in this Together”
Cybercrime is up 600% during the COVID-19 pandemic. That staggering statistic from a 2021 PurpleSec report includes all forms of cybercrime, from theft or embezzlement to data hacking and destruction. The rise of cybercrime is expected to cost companies around the world $10.5 trillion annually by 2025, growing from just $3 trillion in 2015. This rapid increase […]
A Future of Smart Building Cyberattacks in the Pipeline?
On May 7th 2021, the Colonial Pipeline Company announced it was the victim of ransomware cyberattacks that forced it to disable the largest petroleum pipeline in the US. The Colonial Pipeline carries 2.5 million barrels a day of gasoline, diesel, heating oil, and jet fuel on an almost 9,000 km route from Houston, Texas, to […]
Undetected Hacks of IoT Devices May be Straining our Power System & Strangling our Economy
“We’ve all seen the headlines: A major cyber attack on the US electric grid could cause over $1 trillion in economic impact,” says Yotam Gutman, VP Marketing at SecuriThings. “Nevertheless. to date, there have been no recorded cyber attacks on power facilities that have caused a major physical catastrophe or long blackout,” he points out. […]
Is the Light Industry Still in the Dark When it Comes to Cyber Security?
This May, the global news headlines announced that a penetrating chain of attacks had taken place. Over the course of just 24 hours, 45,000 cyber-attacks had taken place in 99 countries around the world. The ‘WannaCry’ ransomware attack hit multiple organisations hard, created over 200,000 victims, and even left vital operations having to be cancelled […]
Security By Design – The Only Way To Effectively Protect Smart Buildings From Cyber Attack
Cyber attacks are an unfortunate reality of our connected world, and as more of our smart buildings get online, it seems there is no stopping the increased threat to them from hackers. While we may be helpless in reducing the wide variety of attempts to bring down or hold to ransom our connected assets, we […]