Cyberrisks and Insurance: Protecting energy companies from new threats, with a focus on hydropower.

Introduction :

In a global context increasingly vulnerable to cyber attacks, the energy transition represents a crucial challenge for many companies in the sector. Whether in the hydrogen, wind, solar or hydroelectric sectors, these companies are facing growing cybersecurity risks, jeopardizing both their critical infrastructures and their reputations.

The aim of this webinar is to provide you with a comprehensive overview of cyber risks in the energy sector, and to inform you about insurance solutions to protect you against these threats. We'll focus on real-life cases and solutions, with a particular focus on hydropower, to better understand how the sector can protect itself from cyber risks.

Agenda:

1. Introduction to cyber issues: the world's No. 1 business risk
• The impact of cyber attacks on critical infrastructures in the energy sector.
• Why cybersecurity is essential for the energy sector (wind, solar, hydroelectric, etc.).
• Special focus on hydroelectricity: the specific risks associated with critical infrastructures and the protection of sensitive data in this sector.
2. Cyber risks and the energy sector: How vulnerable is hydropower?
• Presentation of the cyber risks specific to hydropower installations.
• Case study: Impact of cyber-attacks on major energy facilities.
• Examples of real-life attacks in the energy and hydropower sector (including ransomware and phishing threats).
3. Could you survive 72 hours of business interruption?
• How to assess the consequences of a business interruption for a company in the energy sector?
• Attack scenarios: impact on energy production, power grid management and service continuity.
• Focus on the importance of an adapted disaster recovery plan (DRP) for players in the hydropower sector.
4. From cyberattack to insurance: how to be prepared?
• Explanation of the financial and reputational risks associated with a cyber-attack in the energy sectors, and how insurance can help manage them.
• What guarantees are covered by cyber risk insurance for energy companies?
• Crisis management: Actions to be taken to limit the impact on the company after a cyber-attack.
• Focus on specific coverage for the energy sector (business interruption, restoration costs, crisis management, etc.).
5. Key benefits of cyber insurance for the energy sector:
• Crisis management: Costs of cybersecurity experts, communication consultants, lawyers and IT experts.
• Damages: Business interruption, additional costs, regulatory risks (e.g. CNIL).
• Civil liability: Cases of breach of sensitive data, management of regulatory risks in the context of personal and confidential data.
• Concrete examples of the impact of cyber insurance: Case studies in the hydroelectricity sector.
6. Q/R - Questions and Answers
• Open session to answer specific questions from participants, notably on cybersecurity and insurance solutions adapted to their business sector.

Conclusion:

This webinar is a unique opportunity for companies in the energy sector, particularly those specializing in hydroelectricity, to better understand the cyber risks they face and explore the insurance solutions available. Join us for practical advice on how to protect against these growing threats and ensure business continuity in an increasingly risky digital environment.