During the pandemic, businesses and consumers saw firsthand what happens when infrastructure fails. In 2019, the global critical infrastructure protection (CIP) market size was valued at $96.30 billion. It is predicted to grow to $154.59 billion by 2027, with a CAGR of 6.2%. On top of that, each time an organization in a critical sector is the victim of any type of cybersecurity incident resulting in data loss, the event counts as a critical infrastructure data breach. Let’s take a look at the facts around data breaches in this sector and how to protect against them.
What Is Critical Infrastructure?
The U.S. Cybersecurity and Infrastructure Security Agency (CISA) classifies 16 infrastructure sectors as critical to the nation. Among these critical sectors are financial services, critical manufacturing, information technology, energy, transportation systems, communications, health care and public health, food and agriculture and emergency services.
CISA designates certain industries as critical because their assets, systems and networks, whether physical or virtual, are considered so vital to the United States that their incapacitation or destruction would have a debilitating effect on security, national economic security, national public health or safety or some combination of those factors. When cybersecurity issues occur in organizations in critical industries, there is a ripple effect with many often-unexpected consequences.
The Colonial Pipeline ransomware attack, for example, shut down an oil pipeline that stretches 5,500 miles from Texas to New York and carries up to 3 million barrels of fuel per day. The five-day shutdown reduced the amount of gas available to the ..
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