Hackers and online corporate espionage have emerged as one of the top 10 threats to mining and resource houses for the first time, according to global accounting consultancy EY.
In its annual assessment of business risks facing the mining and metals industry, due to be released today, EY has put cybersecurity in its top 10 for the first time, based on discussions with key executives in the sector.
Alongside more traditional business risks — EY’s top three include lack of investment in future growth, productivity and access to capital — unchanged from last year, the global accountant has elevated IT security to ninth on its list.
The threat of hackers seizing control of remote operations centres — such as last year’s attack on a German steel mill that caused serious damage to a blast furnace — or the more traditional theft of pricing and operational data meant mining companies needed to take online threats more seriously, according to the EY report.
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