Europe’s telecom, electricity sectors evaluated in new EU cybersecurity report

TLDR:

• EU releases risk assessment report on cybersecurity in telecommunications and electricity sectors
• Report highlights supply chain risks, shortage of cybersecurity professionals, and threats from cybercriminals and state-sponsored actors

Summary:

The European Union, along with the European Commission and ENISA, released a risk assessment report focusing on the cybersecurity and resilience of Europe’s telecommunications and electricity sectors. The report identifies supply chain security risks, a lack of cybersecurity professionals, and threats from cybercriminals and state-sponsored actors as major concerns. It also highlights the vulnerabilities in the telecommunications sector, including risks to mobile and fixed networks, ransomware attacks, and the dependency on critical components from third countries. In terms of electricity, the report raises concerns about the risks posed by insiders, cyberattacks from outside sources, and the increasing demand for renewable electricity technologies. The report makes 17 suggestions for improving cybersecurity posture and resilience in both sectors, emphasizing the importance of information sharing, crisis management, and supply chain security.