Hunton Insurance Recovery Blog

When a cyberattack occurs, companies often focus on the immediate response—investigating the breach, restoring systems, notifying affected individuals, and managing business disruption. But those costs are often only the beginning. In the months and years that follow, organizations increasingly face class actions, regulatory proceedings, and other claims alleging that they failed to safeguard sensitive information, and the cost of defending those actions can ultimately exceed the cost of responding to the breach itself.

In today’s interconnected society, a cyber breach is inevitable. For energy companies in particular, the threat is even more acute as cyber security improvements lag behind the rapid digitalization in oil and gas operations. One recent cyber security report stated that 68% of respondents reported that their organization experienced at least one cyber compromise. And, just last week, it was disclosed that hackers used sophisticated malware, called “Triton,” to take control of a key safety device at a power plant in Saudi Arabia. Find our analysis of this latest attack on the blog here .