A new report has shown the energy sector is under immense cyber threat as hackers continue to target this vital industry. The threat report by Lookout shows that mobile phishing exposure had surged by 161% within the energy industry between the second half of 2020 and the first half of 2021.
Further key findings include:
The Lookout Energy Industry Threat Report is based on analysis of data in the Lookout Security Graph. The Graph encompasses telemetry from more than 200 million devices, 150 million apps and detections from the Lookout Secure Web Gateway (SWG) use. Lookout SWG is used by customers to protect against phishing attacks on their mobile devices. Lookout researchers analyzed this information specific to organizations involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution.
Energy organizations provide the infrastructure essential for the safety and well being of society. Recent events such as the Colonial Pipeline breach demonstrate that the energy industry is particularly vulnerable to cyberattacks. Bad actors phish and exploit vulnerabilities in mobile endpoints to circumvent legacy security systems to gain access to corporate infrastructure, steal sensitive data and extort money.
Securing mobile endpoints that employees use to do their jobs is imperative to protect enterprise data as iOS, Android and ChromeOS devices are increasingly essential to digital transformation initiatives. Protecting against mobile phishing and app threats enables energy organizations to prevent cyberattackers who want to steal credentials and data, or halt operations with ransomware.
“As the energy industry modernizes and relies more heavily on mobile devices and cloud solutions, these insights into mobile phishing and app threats can help organizations strengthen their security program,” said Stephen Banda, Senior Manager of Security Solutions at Lookout and the author of the report. “We recommend organizations train employees about the dangers of mobile phishing attacks and have dedicated solutions in place to secure against them. They also need visibility into mobile app and operating system vulnerabilities to safeguard corporate data.”
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