2024 Ransomware Threats to Target Energy Sector

Posted : November 15, 2023

In a recent report, cybersecurity firm Resecurity projected a change in focus for cybercriminals by 2024. They predict that ransomware groups, which traditionally target a broad range of industries, will increasingly prioritize their attacks on high-value targets within the energy sector and its related supply chain. This shift might signal a more significant threat to our critical infrastructure, highlighting an urgent need for advanced cybersecurity measures in these areas.
1. Cybersecurity firm Resecurity predicts that by 2024, cybercriminals, particularly ransomware groups, will shift their focus towards high-value targets in the energy sector and related supply chain.
2. This shift could pose a more significant threat to critical infrastructure, underlining the importance of advanced cybersecurity measures.
3. The selective targeting of the energy sector represents a substantial change in the modus operandi of cybercriminals.
4. Currently, ransomware groups target broadly rather than selectively, focusing on volume over value.
5. If the prediction is accurate, this change in focus could result in larger-scale disruption, emphasizing the necessity of robust cybersecurity measures within the energy sector.
Resecurity predicts an increase in ransomware attacks on the energy sector and its related supply chain by 2024, signifying a potential threat to critical infrastructure.
This shift towards the energy sector signifies a considerable change in the modus operandi of cyber-criminals. At present, ransomware groups are largely indiscriminate in their choice of targets, focusing on volume rather than value. However, Resecurity's forecast suggests a looming shift in cyber crime dynamics. By focusing on high-value energy targets, these criminals could potentially inflict larger-scale disruption, driving home the urgency of implementing robust cybersecurity measures within this sector.