May | 2019
Research by the Nonprofit Technology Enterprise Network (NTEN) states that only 25% of nonprofit organizations actively monitor their network for security events, and only 7% have undergone a cyberattack simulation activity. The low investment in security can be attributed to the small size of most nonprofits and their data sets, which makes them believe they have a lower risk of cyberattacks compared to large profit organizations. In reality, nonprofit organizations are low-hanging fruit for hackers due to the gap between the security risk and the actions needed to address the risks. That is what makes nonprofits ideal targets, and why they should take steps to protect themselves.
The utility industry has overstayed in the analog age, though the race to go digital is moving fast across the value chain. Senior executives are now eager to leverage the newest technologies to address industry trends such as the rise of distributed generation and renewables; alignment with regulatory frameworks; flat or declining revenues; evolving customer demands; and the need for greater reliability, safety, and affordability.