Cybersecurity in mining: lessons to learn from the Weir attack
Earlier this year, industrial supplier Weir suffered a cyberattack that could wipe $27m off its revenue, ringing alarms across the industry.
As the mining industry continues to embrace emerging technologies, from autonomous vehicles to artificial intelligence, the sector opens itself up to new potential risks alongside the potential improvements in productivity and profitability. One of the most prominent risks is cybersecurity in mining.
The latest example is a cyberattack that hit industrial supplier Weir in October, and was described by its chief executive Jon Stanton as “a sophisticated external attack”. While the company’s own defences were able to shut down the attack before more significant damage was done, the attack is a sobering reminder of the potential for cyberattacks to damage mining operations, with Weir expecting its Q4 revenue to fall by $13.6m-$27m in the wake of the incident.
Yet miners have a range of options to improve their digital defences, from hiring external experts to improving their own cataloguing and assessment of potential risks. Considering the speed at which the cybersecurity industry moves however, will miners be able to stay one step ahead of cyber criminals?