Digitalization undermining oil & gas industry’s cyber security
BAKU, Azerbaijan, Sept.17
By Leman Zeynalova – Trend:
Digitalization is undermining the oil and gas industry’s cyber security, Trend reports citing GlobalData, a leading data and analytics company.
Digital technologies are becoming more and more popular in the oil and gas industry, as a result of which increasing volumes of data is stored on networked servers, raising the probability of cyber attacks, according to the company.
GlobalData points to the importance of cybersecurity technologies in the industry, in order to protect oil and gas assets against internal as well as external threats.
The oil and gas industry is expanding the use of digital technologies to optimize daily activities. Widespread deployment of the IoT is generating huge volumes of data. Each node in a company’s network, whether a computer terminal, a cell phone, sensors, or a networked camera, can become an entry point for hackers.
“Hackers can exploit these nodes and gain access to a wealth of information, including business plans, project designs, supplier details, contracts, financing, and other critical information. Loss or theft of such data can prove financially and operationally detrimental for an oil and gas company,” Ravindra Puranik, Oil and Gas Analyst at GlobalData, says.
“The frequency and sophistication in cyberattacks has increased over the years, as seen in the case of the Shamoon attack that has targeted Saudi Aramco on multiple instances. Hence, it is imperative that oil and gas companies adopt a proactive approach in handling cybersecurity. Broad scale coordination among industry players, government agencies, and technology vendors is essential to tackle such complex and persistent menace.”
GlobalData’s thematic research identifies BP, Chevron, ConocoPhillips, Eni, ExxonMobil, Gazprom, Royal Dutch Shell and Saudi Aramco, among the leaders in the cybersecurity theme in the oil and gas industry. It also highlights some of the cybersecurity technology providers for oil and gas industry, namely BlackBerry, Broadcom, Cisco Systems, Fortinet, IBM, Microsoft, Palo Alto Networks, and Verizon.
More recently, the COVID-19 pandemic has increased cyber risk significantly. Employees working on personal computers and using public networks are especially vulnerable to phishing and other types of cyberattacks.
Puranik concludes: “The industry needs a clear strategy and then subsequent delivery to address these vulnerabilities and protect against data loss, denial of service, and other forms of disruption to operations.”
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