Energy and Utilities

Infosys commissioned a study of 40 senior executives from the Energy and Utilities (E&U) industry with revenues of over USD 500 million across the US, Europe, Australia and New Zealand (ANZ). The respondents were senior executives involved in cybersecurity initiatives representing both technology and business functions.

The survey was aimed at understanding the cybersecurity initiatives for Energy and Utilities companies. Some interesting findings are:

• 65% in the E&U industry have a well-defined enterprise-wide strategy/roadmap implemented
• A rising wave of cybercrimes has the E&U industry concerned chiefly about hackers and hacktivists (80%), insider threats (75%) and low employee awareness of potential risks (75%)
• The top three problems that enterprises in this industry face are keeping pace with technological advancements (68%), inadequate management support (65%) and lack of user awareness (63%)
• E&U enterprises rely on methods such as training and certifications (70%), working with technology vendors and service providers (68%), and creating a culture of employee awareness (43%) to overcome the existing challenges
• E&U firms implement security solutions such as intrusion prevention systems (61%), identity and access management (60%), and cloud access security broker (59%) the most