27 Mar The Perfect Storm: Why Power Plants Are Prime Targets For Cyberattacks
This week in cybersecurity from the editors at Cybercrime Magazine
–Read the full story in Power Magazine
Sausalito, Calif. – Mar. 27, 2025
The power sector is on the frontlines of a global cybersecurity battlefield, says Holger Betz, Cybersecurity Solution Architect at Siemens Energy.
While many power systems still rely on outdated technology that wasn’t designed with modern cybersecurity threats in mind, new security challenges are cropping up with integrating information technology (IT) and operational technology (OT) systems.
Betz highlights that the global power industry is acutely aware of the vulnerabilities and serious risks posed by cyberattacks. Threats can lead to major repercussions, from service disruptions to cascading failures. Cybercrime costs have skyrocketed. According to Cybersecurity Ventures, in 2024, global cybercrime costs—including data damage, operational disruptions, investigations, legal expenses, and regulatory fines—reached an astounding $9.5 trillion.
“If it were measured as a country, then cybercrime would be the world’s third-largest economy after the U.S. and China,” said Steve Morgan, editor-in-chief at Cybercrime Magazine.
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.
