Instant Insights / October is National Cybersecurity Awareness Month

The COVID-19 pandemic has revealed new cyber threats. Now's the time for insurance professionals and insureds to reexamine cybersecurity strategies and coverage.


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The Department of Energy reported four cybersecurity events in 2019. (Photo: iStock) The Department of Energy reported four cybersecurity events in 2019. (Photo: iStock)

In the first quarter of 2020, the U.S. wind industry installed more than 1,800 megawatts of new capacity, resulting in 11 new projects with a total capacity of 1,821 MW operations, nearly doubling the number of installations compared with the first quarter in 2019.

Along with rapid growth, today’s energy industry is also undergoing rapid digitalization to improve operational efficiencies and cut costs. However, the emergence of smart grids and other technological advances has also made the energy industry a very attractive target for cybercriminals.

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