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Cyber security risk: malware designed to perform attacks on power supply infrastructure

ESET Canada Inc., an IT security company, reported that its researchers have been analyzing samples of dangerous malware capable of performing an attack on power supply infrastructure.

They have named this malware Industroyer and state that is was most likely involved in the December 2016 cyber attack on Ukraine’s power grid. This attack resulted in power outages for over an hour in the capital of Kiev.

This newly discovered malware is capable of directly controlling electricity substation switches and circuit breakers. It uses industrial communication protocols used worldwide in power supply infrastructure, transportation control systems and other critical infrastructure.

The potential impact may range from simply turning off power distribution, triggering a cascade of failures, to more serious damage of equipment.

Kiev’s cyber attack is a prime example that cyber insurance should be at the forefront of your business’ budget to protect you from harm.

Source: http://www.canadianunderwriter.ca/insurance/cybersecurity-company-discovers-malware-designed-perform-attacks-power-supply-infrastructure-1004114987/