Cyberattacks are particularly damaging for energy supply companies due to the sheer amount of data they process and the need for confidence from their customers.
Cyberattacks do massive harm to reputations as well as shake confidence that a customer’s data is safe.
With this breach included sort codes and customer bank account numbers it leaves customers dangerously exposed to being targeted by fraudsters. Customers will now have to be particularly wary of any phone calls or emails claiming to be from Npower. The risks from Phishing emails in particular will be high.
They will also have to pay close attention to their bank statements for signs of any unusual activity. The hackers also likely have the passwords and usernames for all customers impacted which means they have had free reign to access accounts at will. All impacted customers should change their passwords asap.
Also read: Energy Supply companies most vulnerable to cyberattack says report
Energy suppliers need to be cyber secure if they are to thrive and survive in the energy market. A data breach can be massively damaging as well as highly disruptive to operations that will cost time and money to amend.
Effective cybersecurity doesn’t have to be expensive as many of the risks can be mitigated by implementing some basic steps.
Targeted attacks like the one suffered by Npower are trickier to combat but often hackers are seeking easy prey and as such most likely discovered a weakness in the company’s app security. Rigorous testing of internet facing apps is essential to discovering any vulnerabilities.
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