Malware and ransom cyber attack at utility company

Synopsis

US utility company falls victim to a ransomware attack which initially costs the business just $25k. However, improving its control environment and implementing new security infrastructure ends up costing the business over $2 million.

The event acted as a wake-up call for the business and provided the impetus to enact a range of security improvements that their IT and InfoSec teams had been requesting for many years.

This case study includes a breakdown of the security improvements and the costs associated with each.

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Analyst

Courtenay Brammar

Experienced global enterprise risk and governance professional. Previously Vice President at Morgan Stanley, Deloitte Risk Advisory practitioner and PRMIA steering committee member in both London and New York.

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Companies

  • The Lansing Board of Water and Light

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