cybersecurity

With a rapid transition toward renewable energy, the energy sector has an increased reliance on technology. This makes it particularly vulnerable with regard to cybersecurity.

The industry's increasing dependence on digital systems has escalated the importance of robust cybersecurity strategies, presenting an array of unprecedented challenges.

Cyber risks facing the oil and gas industry continue to grow. Legal requirements, likewise, are continuing to expand. This article summarizes how these trends may affect oil and gas companies and describes steps companies can take to stay ahead of the curve.

The oil and gas industry uses a variety of complex systems and technologies that are becoming increasingly vulnerable to cyberattacks. Now, through the Cyber Resilience Pledge, more than 20 global CEOs have committed to work together to improve cyber resilience across the ecosystem.

A network of more than 1,600 offshore facilities produces a significant portion of US domestic oil and gas. The facilities, which rely on technology to remotely monitor and control equipment, face a growing risk of cyberattacks.

As we continue to reduce our reliance on fossil fuels, we risk becoming more vulnerable if we don’t start associating climate resiliency with cyber resiliency.

Companies now have 24 hours to report hacks and are poised to get more flexibility to design their defenses.

Eighteen energy corporations have agreed to cooperate to strengthen infrastructure across the industry ecosystem. The pledge was announced during the World Economic Forum's 2022 annual meeting.

DNV’s report reveals that energy professionals believe cyberattacks on the industry are likely to cause harm to life, property, and the environment in the next 2 years but less than half of them believe that the security of their operational technologies is as robust as that of their information technology.

As technology advances in the oil and gas sector, so does cybersecurity risk. To stay secure, companies should blend cybersecurity into their safety conversations, said expert Nicholas Andersen at the 2022 Offshore Technology Conference.