Skip to content

Cyber Insurance News

The Leading Source for Cybersecurity Insurance News, Insights and Data

Nearly Nine Out of Ten Utility Companies Hacked in the Last Three Years

Posted on August 20, 2024August 20, 2024 By Martin Hinton

A staggering 87% of utility and energy companies have been hacked at least once in the past thirty-six months, according to a Skybox Security study. Despite this alarming statistic, many of these companies remain confident in their cybersecurity defenses, highlighting a dangerous gap between perception and reality. The study points to poor password practices, misconfigurations, and overreliance on compliance as key factors that have left these critical infrastructure networks vulnerable to attacks.

In addition to these cybersecurity concerns, U.S. utility companies face challenges driving consumer participation in energy efficiency programs. Despite the availability of $8.8 billion in incentives from the U.S. Department of Energy’s Home Energy Rebate program, many utilities struggle to offer a clear and seamless path for customers to access these benefits. This has led to a fragmented customer experience, resulting in delays, confusion, and low participation rates, which threaten the success of these initiatives.

Vehya Inc., a Detroit-based company, offers an all-in-one platform to address these issues. The platform integrates e-commerce, customer relationship management (CRM), vendor management, rebate processing, and administrative services, providing a more efficient solution for utilities and their customers.

Cyber Insurance

Vehya’s platform is SOC2-compliant and adheres to GDPR regulations, ensuring robust data protection with advanced security protocols and comprehensive cyber insurance. Cloud-based servers provide reliable uptime and enhanced cybersecurity measures, directly addressing the vulnerabilities identified in the Skybox study.

The platform also connects customers with verified contractors, enabling efficient management of projects, payments, and rebates. Through the Vehya PRO app, contractors can access deployment, communication, scheduling, and administrative tools, simplifying program management for utilities.

With partnerships including DTE Energy, Vehya aims to improve the adoption of utility programs while addressing the vulnerabilities that have led to so many utilities being hacked, ultimately strengthening cybersecurity measures across the industry.

Source: Utility Companies Face Barriers to Program Adoption: Vehya Offers All-In-One Enterprise Solution for Success.

Other News: Which Sectors Have the Highest and Lowest Cyber Insurance Penetration? A Survey from Sophos Has Answers(Opens in a new browser tab)

Other News:

Cyber Insurance Tags:Critical Infrastructure, cyber insurance, Cybersecurity, Skybox Security, utility hacked, Vehya

Post navigation

Previous Post: Cyber Insurance Sunday – Upload
Next Post: Cyber Insurance and Proactive Security: A Strategic Synergy for Businesses – At-Bay/ Omdia Report

Related Posts

  • EU Gives Itself Passing Grade, Barely, on Cybersecurity — New Report from European Union Agency for Cybersecurity (ENISA) Cyber Insurance
  • Coalition Launches Cyber Insurance Captive  Cyber Insurance
  • The FTC Amends Data Breach Reporting Rules Cyber Insurance
  • Cyber Insurance Sunday – Upload Cyber Insurance
  • Cyber Insurance Singapore: Uptake Falls Despite Rising Digital Risks Cyber Insurance
  • Cowbell Integrates with Cloudflare Cyber Insurance

Get the Cyber Insurance Newsletter

Receive weekly updates on the top news on cyber insurance.

Cyber Insurance News

Cyber Insurance News
In this clip from our latest podcast episode, Dan Candee, CEO of Cork Protection, dives into a critical topic that hits close to home: Cybersecurity for Main Street businesses.

🛡️ With a background in enterprise-level cybersecurity on Wall Street and a personal connection to small business through his family, Dan shares why Cork focuses on protecting small and mid-sized businesses from rising cyber threats.

🚨 "The threat actors are getting better, and they're coming after Main Street more and more."

👉 Discover why Main Street is being underserved in today's digital threat landscape and how Cork is filling that gap with a unique value proposition.

🔗 Learn more about Cork: corkinc.com
🎧 Full Podcast Episode: www.youtube.com/@CyberInsuranceNews/podcasts

📣 Don't forget to LIKE, SUBSCRIBE, and hit the 🔔 notification bell so you never miss a powerful conversation.

#Cybersecurity #SmallBusiness #MainStreet #DanCandee #CorkProtection #TechForGood #SMBs #PodcastClip #CyberThreats #BusinessSecurity
Cybersecurity for Main Street: Dan Candee on Protecting Small Businesses | CEO of Cork Protection
SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

We explore:
• Why Main Street is more vulnerable than Wall Street
• Common SMB cybersecurity blind spots (like ACH fraud)
• The evolving role of managed service providers
• How Cork Protection blends cybersecurity and cyber insurance
• Real-world attack case studies and practical advice for SMBs

Whether you’re a small business owner, MSP, or cyber pro, this episode unpacks how to prepare, prevent, and protect your organization in today’s digital world.

📌 Topics: cybersecurity, cyber insurance, social engineering, SMB protection, ransomware, AI in security, MSPs

🎙 Guest: Dan Candee, CEO of Cork Protection
📢 Host: Martin Hinton, Executive Editor, Cyber Insurance News

👉 Don’t forget to like, comment, and subscribe for more insights on cyber insurance and digital defense!

#CyberSecurity #CyberInsurance #SMB #AI #CyberPodcast #BusinessResilience #smallbusiness #sme
00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
16:53 Navigating Cyber Insurance Policies
19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
SMBs Are Cyber Targets | Dan Candee on Cyber Resilience & AI | Cyber Insurance News Podcast EP#6
Cyberattack on Small Business is on the rise—and AI is making it worse. In this episode of the Cyber Insurance News Podcast, host Martin Hinton sits down with William Altman of CyberCube to unpack how AI is enabling threat actors to more efficiently target and exploit small businesses.

🔐 From credential stuffing to brute force attacks, William explains how cybercriminals use AI to bypass login portals and MFA solutions—putting millions of small business owners at risk.

🎙️ Timestamps:
0:00 - Introduction
6:26 - William Altman on AI and threat actors
6:50 - Credential stuffing, brute force & reused credentials
10:00 - What small businesses can do right now
14:20 - The future of AI in cybercrime

🎧 Don’t miss this crucial update on the cybersecurity landscape for small businesses. Subscribe and stay informed.

#cyberattack #smallbusiness #AI #cybersecurity #CyberCube
Cyberattack on Small Business: How AI Supercharges Cyber Threats | William Altman @CyberCube"
Load More... Subscribe

Categories

  • 8-K
  • AI & Cyber Insurance
  • AI & Cybersecurity
  • Critical Infrastructure cyber insurance and security
  • Cyber Cat Bonds/Cyber Catastrophe Bonds
  • Cyber Insurance
  • Cyber Insurance APAC
  • Cyber Insurance Best Practices
  • Cyber Insurance Captive
  • Cyber Insurance Carriers & Brokers
  • Cyber Insurance Claims
  • Cyber Insurance EU
  • Cyber Insurance Financial Institutions
  • Cyber Insurance for Government
  • Cyber Insurance for Healthcare
  • Cyber Insurance for Schools
  • Cyber Insurance for SMEs/SMBs
  • Cyber Insurance For Startups
  • Cyber Insurance for Utilities
  • Cyber Insurance Geographic Markets
  • Cyber Insurance Industry Groups
  • Cyber Insurance Investments and M&A
  • Cyber Insurance Jobs
  • Cyber Insurance Laws & Regulations
  • Cyber Insurance Litigation
  • Cyber Insurance Market Size
  • Cyber Insurance MENA
  • Cyber Insurance News & Information Podcst
  • Cyber Insurance People
  • Cyber Insurance Policies & Strategies
  • Cyber Insurance Premiums
  • Cyber Insurance Reports
  • Cyber Insurance Settlements
  • Cyber Insurance Sunday – Upload
  • Cyber Insurance Systemic Risks
  • Cyber Insurance Tech
  • Cyber Insurance Threats
  • Cyber Insurance UK
  • Cyber Insurance Underwriting
  • Cyber Insurance Wholesaler
  • Cyber Regulations
  • Cyber War Exclusions
  • Cybersecurity
  • Cybersecurity and Credit Ratings
  • Cybersecurity for SMBs
  • Cybersecurity in Education
  • Cybersecurity Investment
  • cybersecurity jobs
  • cybersecurity M&A
  • Cybersecurity people
  • Cybersecurity Report
  • Cybersecurity Training
  • Department of Homeland Security
  • EU Cybersecurity
  • Insurance Linked Securities/ILS
  • Insurance Loss Warranty contract/ILW
  • Managed Service Providers
  • National Association of Insurance Commissioners' (NAIC) model cybersecurity law
  • Non-criminal Claims/Non-Malicious Claims
  • Opinion/Commentary
  • Personal Cyber Insurance
  • Personal CyberSecurity
  • Ransomware Insurance
  • Reinsurance
  • Risk Modeling
  • SEC Cyber Disclosure Rule
  • Small Business
  • Supply Chain Cybersecurity And Insurance

Send Ideas, Requests & Comments




    Tags

    AI AI in Cybersecurity Artificial Intelligence At-Bay Beazley CFC Chubb Cloud Security Coalition Corvus Cowbell Cowbell Cyber crowdstrike cyber attack Cybercrime CyberCube cyber insurace cyber insurance cyberinsurance cyber insurance for small businesses Cyber Insurance Market Cyber liability Insruance cyber liability insurance cyberliabilityinsurance Cyber Resilience Cyber Risk Cyber Risk Management cyber security Cybersecurity cybersecurity insurance Cyber threats Data Breach Data Breaches Howden Lloyds Marsh Microsoft personal cyber insurance phishing Ransomware Ransomware Insurance Resilience Risk Management SecurityScorecard small business
    • Cyber Insurance Books
    • Cyber Insurance Reports & Documents
    • Cyber Insurance Acronyms/Terms
    • Cyber Insurance Companies: Carriers, Brokers & Vendors
    • Industry Response: Potential Federal Insurance Response to Catastrophic Cyber Incidents
    • Ransomware Insurance
    • How Much Is Cyber Insurance?
    • Considerations for Buying Cyber Insurance
    • Cyber Liability Insurance Near Me
    • Cyber Insurance Quote
    • Newsletter
    • Legal Analysis & Full Text of 2023 SEC Rule: Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure
    • Glossary
    • About Cyber Insurance News
    • Privacy Policy

    • Cybersecurity Report Highlights Middle Market Firms’ Growing Cyber Insurance and Persistent Ransomware Threats Cybersecurity Report
    • Cyber Insurance Sunday – Upload Cyber Insurance
    • Companies Are Buying Cyber Insurance & Making (Repeat) Claims, But Ransomware Is Not Covered By About 30% of the Policies: Delinea Survey Cyber Insurance
    • Japan’s Cyber Insurance Market: Rapidly Growing Cyber Insurance Market Size
    • How to Understand & Improve Cyber Insurance Markets: Swiss Re Report  Cyber Insurance
    • Policy Holders Reducing Self Insurance & Buying More Cyber Coverage: Marsh Cyber Insurance Best Practices
    • Todyl SPECTRA Partnership On Cyber Insurance for MSPs – Lower Costs, Faster Quotes Cyber Insurance
    • Cyber Insurance Sunday – Upload Cyber Insurance Sunday - Upload

    Related Cybersecurity Sites

    http://www.whatiscyberliability.com

    https://www.whatiscyberinsurance.com

    http://www.ddosattacktutorial.com

    http://www.ransomwareremovaltool.com

    Our Privacy Policy: https://cyberinsurancenews.org/privacy-policy/

    Copyright © 2024 Cyber Insurance News.

    Powered by PressBook Premium theme