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.
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Iranian state-sponsored hackers reportedly have deployed a new strain of data-wiping malware on the network of Bapco, Bahrain's national oil company.
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Companies should disclose instances of cyber-enabled intellectual property theft. Disclosure requirements would give companies greater incentives to protect their intellectual property and allow investors to make better-informed decisions.
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The vigilante hacker has offered the reward for hacktivists and criminals who break into capitalist institutions.
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The ransomware attack that began over the weekend is reportedly still affecting the national oil company’s payment systems, which may have wider impacts on its supply chain. For now, the company says its upstream and downstream operations are running normally.
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The Houston FBI held a classified meeting to help energy companies protect themselves from the growing threat of cyberattacks.
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Most companies have known for a while that they benefit when the parties that manage their networks cooperate. Beyond benefiting the business, however, this cooperation of open communication between the different sectors can help the people tasked to manage the security of those networks.
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One of the foremost threats companies face today is that posed by cybercriminals, and the unique vulnerabilities of companies in the oil and gas sector create heightened cybersecurity risks for those pursuing transactions in the sector.
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The kingdom and the oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer-term fallout in the region, experts said, including those who have responded to incidents in the region.
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Saudi Aramco, BP, and Schlumberger pride themselves on staying at the forefront of digital technology development and deployment. But an equally daunting challenge for the industry heavyweights is keeping their ever-expanding digital systems secure.
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Nicknamed “warshipping,” the hacking technique allows remote infiltration of corporate networks by hiding a remote-controlled scanning device designed to penetrate a wireless network inside a package.