Moody’s says ransomware attack on electric utility in Colombia highlights sector risks

A ransomware attack on business-side operations of an electric utility in South America demonstrates security risks facing the electricity sector globally that, among other outcomes, could lead to “regulatory scrutiny, litigation, and a need to boost investment in securing a company's digital systems,” Moody’s Investors Service said in a report.

“The attack highlights the very high cyber risk for electric utilities -- as outlined in our 2022 cyber heat map. These companies have a significant systemic role within the...