security

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 US military and the Group of Seven leading industrialized nations accused Iran of being behind a deadly attack on an oil tanker in the Arabian Sea.

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

The Biden administration is poised to issue new cybersecurity regulations for pipelines and liquefied natural gas facilities in the aftermath of the April hack that temporarily paralyzed the nation’s biggest liquid fuel conduit.

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.

US energy companies are scrambling to buy more cyber insurance after last month's attack on Colonial Pipeline disrupted the US fuel supply, but they can expect to pay more as cyber insurers plan to increase rates following a slew of ransomware attacks.

Chevron shut down the Tamar natural gas platform off the Israeli coast at the instruction of the country's energy ministry, the company said, following a wave of unrest in the region.

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.

The South African Development Community has agreed to send up to 3,000 troops to contain Mozambique’s terrorist insurgency after Total declared force majeure and evacuated all personnel from its Mozambique LNG worksite.