cybersecurity

The advantages of merging the realms of information technology (IT) and operational technology (OT) are obvious: cost reduction, improved capabilities, and greater efficiency. These advantages, however, come with a cost because they have affected the way that industrial control systems operate and have increased the exposure of industrial control systems to cyber risk…

The SEC has signaled that it has started taking cyber vulnerabilities much more seriously than it has in the past. Two recent fines signal that the agency views lax cybersecurity as an existential threat to businesses and is willing to penalize companies who fall short.

The FBI also released a security advisory and details regarding 23 attacks on oil and gas companies from December 2011 to 2013.

A 2020 cyberattack resulted in the theft of 1 terabyte of information from the oil giant.

The recent cyberattack on Colonial Pipeline’s IT system has thrust the issue of oil and gas industry cybersecurity into the spotlight, which, according to specialists in the field, is where it should always be.

The scale of the recent Colonial Pipeline ransomware attack demonstrates why cyber risk should be assessed as a business risk by organizations’ C-suite, going beyond the narrower view of IT/OT network risk.

Fuel is being delivered to the US East Coast again after hackers infiltrated the company’s operation. Colonial reportedly paid a $5-million ransom.

Colonial Pipeline shuttered its East Coast fuel pipeline system as data were hacked and held for ransom.

Digitalization leads oil and gas research and development investment priorities, according to DNV’s 2019 annual outlook.

Digitalization in the oil and gas industry has been the focus of much discussion, but little has been written on the slow rate of adoption. This paper outlines some of the barriers the industry faces as it assimilates into Industry 4.0—automation and data integration in manufacturing.