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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.

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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)

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

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In the wake of the Harrods hack and cyberattacks impacting other retailers, the alarming state of UK cybersecurity will be revealed in 2024. From cyberattacks hitting major UK retailers like Co-op and Harrods to small businesses struggling without protection, the message is clear—cybercrime is a national threat.

New research by Pen Underwriting reveals that while 90% of UK and Irish businesses feel secure, only 47% have dedicated cyber insurance. Even more shocking—only 18% of businesses earning under £1 million are covered. The cost isn’t just financial—real people suffer, like the couple who lost their wedding cake due to a ransomware attack.

Watch now to understand:

Why UK businesses are dangerously unprepared

How cyberattacks are more common than fires or theft

The key role of employee training, data backups, and multi-factor authentication (MFA)

Why cyber insurance is no longer optional

Visit www.cyberinsurancenews.org for the latest cyber insurance and cybersecurity updates.

#UKCybersecurity #CyberInsurance #SmallBusinessSecurity #CyberCrime
Harrods hack UK Cybersecurity Crisis: Shocking Stats, Real Victims & Business Risks. #cybersecurity
Cyber Insurance Compliance Is Reshaping Security in 2025!

Cyber insurance compliance is no longer optional—it's a driving force behind how companies build and execute cybersecurity strategies. In this video, we break down the latest insights from the 2025 State of Pentesting report:

✅ 59% of U.S. businesses now implement new security tools based on insurer recommendations
✅ 93% of CISOs are guided by mandates from insurance providers
✅ Pentesting isn't just for compliance—it's about proving you're covered and protected
✅ The average enterprise is spending $187,000+ annually on penetration testing

As premiums stabilize, cyber insurance compliance is pushing companies toward proactive, automated, and continuous risk assessment. Learn how to stay ahead, reduce exposure, and align with both regulators and insurers.

💡 Don’t forget to like, subscribe, and hit the bell to stay updated on the latest in cybersecurity and insurance trends!

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Cyber Insurance Compliance Is Reshaping Security in 2025 #cyberinsurance
In this video, we break down the massive cyber insurance settlements following the CDK Global ransomware attack that rocked the automotive industry. 🚗💻

Auto giants like Asbury Automotive Group reported up to $10 million in cyber insurance recovery, while AutoNation only recently filed their claim — months after the breach! We explore the financial disclosures, the delayed responses, and what this means for car dealerships, investors, and cybersecurity preparedness.

Learn:
✔️ How cyber insurance is shaping post-breach recovery
✔️ Why SEC filings like 10-Q and 8-K matter
✔️ What lessons other businesses can learn from this
✔️ The real cost of a ransomware attack in automotive retail

🔔 Subscribe for more deep dives into cybersecurity, tech, and industry trends!
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$10M Cyber Insurance Payout: CDK Ransomware Fallout Hits Auto Giants | #cyberinsurance
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