Energy CROs: cyber risk can only grow

Major cyber attacks on energy trading and infrastructure considered inevitable

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Experts urge companies to assess the cyber vulnerability of every asset

Cyber attack is now considered one of the biggest risks facing energy companies, with the quantity and sophistication of strikes on both physical infrastructure and proprietary data set to rise this year, say cyber risk professionals.

“I would expect cyber risks [to be] a very large concern for most organisations in the energy sector,” says Glen Mackey, chief risk officer (CRO) at NRG Energy, the New Jersey- and Texas-based electricity company.

As attacks grow in sophistication, the cost of re