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.
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.
-
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.
-
New guidelines from the European Union Agency for Cybersecurity recommend that all stages of the IoT device lifecycle need to be considered to help ensure devices are secure.
-
The rise of automation has been a common theme in stories that touch almost every business sector. One of the places where automation has shown the most value has been in enterprise security, where it can reduce costs and mitigate vulnerabilities in many instances.
-
The threat of cyberattacks on physical infrastructure, such as the electric grid and oil and gas pipelines, is a real concern in our contemporary world. Recent research states that cyberattacks will cost approximately $6 trillion annually by 2021.
-
It's not just semantics. Companies that fail to understand the differences between data privacy and data security put their brands and bottom lines in jeopardy.
