Industry News

Hackers Target Mining Companies to Steal Data, Study Shows

Hackers are increasingly targeting mining companies to steal confidential data and disrupt their operations, according to Ernst & Young. The company ran a study that showed almost half of the mining companies surveyed are exposed to hacking.

The explanation behind the rising number of external threats and cyber-attacks is that the metals industry is becoming more dependent on Internet-connected systems to reduce costs and modernize its systems.

Hackers Target Mining Companies to Steal Data, Study Shows The operations systems are becoming “inherently less secure, as many old systems were not developed with security in mind,” the report concluded.

Of the 39 mining companies that answered the Global Information Security Survey, 41 percent said they were facing multiple security threats, including cyber-incidents. The survey also revealed that safety systems and sensors are increasingly linked to the Internet, which creates security breaches.

“They don’t see themselves like consumer organizations that hold large amounts of credit card details,” said Mike Elliott, global mining and metals leader for Ernst and Young, as quoted by PC World. “They’re not like a financial institution sitting on large amounts of cash and security. Hence they think they’re not really a target.”

Security experts have been warning for several years that hackers will increasingly target industrial systems connected to the Internet if security isn’t taken seriously.

About the author


Bianca Stanescu, the fiercest warrior princess in the Bitdefender news palace, is a down-to-earth journalist, who's always on to a cybertrendy story. She's the industry news guru, who'll always keep a close eye on the AV movers and shakers and report their deeds from a fresh new perspective. Proud mother of one, she covers parental control topics, with a view to valiantly cutting a safe path for children through the Internet thicket. She likes to let words and facts speak for themselves.