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Ransomware attacks are hitting energy, oil and gas sectors especially hard, report finds

ID: fa0f5b1f-b266-5b9e-9fd9-15740c385d8d

STIX ID: report--fa0f5b1f-b266-5b9e-9fd9-15740c385d8d

Feed Name: CyberScoop

Threat Score
70/100

Date Published: 2024-07-17

Date Updated: 2026-04-21

Author: Christian Vasquez

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The Sophos report finds that ransomware is increasingly severe for energy, oil & gas, and utilities—victims are taking longer to recover and are more likely to pay ransoms. Nearly half of successful attacks exploited unpatched vulnerabilities and over a quarter involved compromised credentials; the report warns of fragile legacy systems and limited IT staffing in critical infrastructure, and notes concerns about nation-state actors (e.g., Volt Typhoon) potentially targeting civilian services.

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