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As a move to mitigate the rising incidents of ransomware, phishing, and malware attacks, among others, Schneider Electric has urged energy companies, financial institutions, large industries, and micro small and medium (MSMEs) sized companies to be extra vigilant, and to deploy proven cybersecurity measures especially as the perpetrators of cybercrime have become more sophisticated.
Cybersecurity and process automation in today’s business environment”. In his presentation, Obukohwo Obukonise, a Senior Systems and Cybersecurity Engineer at Schneider Electric, said that an attack is any attempt to expose, alter, disable, destroy, steal or gain information through unauthorized access to, or make unauthorized use of an asset in computers and computer networks. Citing AV-Test.org May 2021 reports, Obukonise said that malware attacks in the last 7 years, rose from 470 million in 2015 to 1.2 billion in 2021. Also, between 2020 and 2021, he said that the number rose from 1.1 billion to 1.2 billion. He attributed this rise to successes in previous year s attacks where attackers made a fortune and are now investing the monies into developing more sophisticated malware.