The March cyberattack on Nova Scotia Power, which exposed customer data and disrupted business operations, has become a case study in the growing cyber insurance pressures facing Canada’s energy and utility providers.

The ransomware attack, which affected data belonging to about 277,000 customers, forced the utility to manually process invoices and delayed payments to contractors for months.

Although power generation and distribution were not disrupted, the financial and reputational fallout underscores the costly risks utilities face as cyber threats intensify, according to a report from The Canadian Pres s.

Cyber insurance experts note that such incidents are driving up premiums and deductibles across the market. Insurers have tightened underwriting standards for critical infrastruc

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