With geopolitical conflict,such as the Russia and Ukraine conflict,comes additional risk of cyber threat,but many businesses are unknowingly leaving their guard down.Those in the energy sector are particularly vulnerable.Following the Colonial Pipeline attack in July 2021,the U.S.Department of Energy released statements voicing concern about the increase in cyberattacks on the nation's energy system which"demonstrated the power of malicious actors to shut down our nation's critical infrastructure and disrupt our energy supplies,economy and everyday lives."In March 2022,after the U.S imposed sanctions against Russia following their invasion of Ukraine,President Biden and national security organizations were cautioning companies to be on the lookout for retaliation through cyberattacks."The energy sector is a unique combination of physical and cyber infrastructure often spanning vast geographical regions,"said Mari Salazar,energy banker for BOK Financial."This is one reason threat actors target these companies.It's a complex industry."Learning your business isn't protected against threat can be costly.
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