Cyber Attacks: What the Hack

The report by S&P Global discusses the increasing threat of cyber attacks in the context of geopolitics and the digitalization catalyzed by COVID-19. It highlights how cyber threats are becoming more complex and frequent, with cyber attacks being used as a tool to achieve political or financial ends. It also emphasizes the growing concern for critical national infrastructure (CNI) which has been a target for cyber threat actors in recent years.

Examples of significant cyber attack incidents in recent years are given, including attacks on Australia’s telecom company, Optus, and Moldova’s government bodies. It also mentions the increasing cyber attacks on the energy sector and the use of ransomware in these attacks.

The text concludes by stressing the importance of investment in cyber security as a necessary part of the energy transition. It suggests that cyber security should be considered a key coefficient of the energy transition equation. It is also mentioned that the political context is a critical factor when considering the likelihood of a country or company being targeted for significant cyber attacks.