Resilience claims analysis: ransomware drives ~70% of energy-sector cyber losses; MFA bypass and exposed OT controllers widen exposure
Resilience's report Cyber risk in energy and utilities analyzes cyber insurance claims filed between Jan. 1, 2023 and Sept. 5, 2026. Email compromise made up 21% of energy and utilities claims, against 10% across the rest of the portfolio. Ransomware was only 9% of claims but about 70% of incurred losses including reserves. In several cas…