• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 hour Could Someone Give Me Insights on the Future of Renewable Energy?
  • 16 hours How Far Have We Really Gotten With Alternative Energy
  • 2 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 15 hours e-truck insanity
  • 4 days Bankruptcy in the Industry
  • 1 day Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days The United States produced more crude oil than any nation, at any time.
U.S. Oil and Gas Boom Poses Challenge to Climate Goals

U.S. Oil and Gas Boom Poses Challenge to Climate Goals

Despite renewable energy efforts, the…

Oil Moves Higher on Inventory Draw

Oil Moves Higher on Inventory Draw

Crude oil prices ticked higher…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Deloitte: Oil Firms Face Increasingly Sophisticated Cyber Attacks

Hacking

Contrary to popular belief that the oil and gas industry is not among the top targets of hackers, energy was the second-most prone industry to cyber-attacks last year, with almost three-quarters of U.S. oil and gas companies going though at least one cyber incident, consultancy Deloitte said in a report released on Monday.

The growing data connectedness and digitalization of operations with digital oil fields and smart fields have “opened up an altogether new landscape of attack vectors for hackers by connecting upstream operations in real time,” Deloitte says.

Despite the increased interconnectedness and smarter technologies, only a “handful” of energy companies have cited cyber attacks and breaches as a major risk in their latest annual reports. Many U.S. oil and gas drillers are bundling cyber risks together with other risks such as labor disputes or civil unrest, according to Deloitte.

Of the three major stages of the upstream business, exploration is the least vulnerable to cyber attacks, because the first two operations—seismic imaging and geological and geophysical surveys—have a closed data acquisition system. Exploratory and appraisal drilling has a higher risk profile, but includes many elements of the development stage, which is especially exposed to cyber threats. The actual production operations are at the highest risk of cyber incidents, mostly due to the “legacy asset base, which was not built for cybersecurity but has been retrofitted and patched in bits and pieces over the years,” Deloitte says. Related: Underperforming Energy Sector May Soon See M&A Wave

Just last month, an investigation found that oil and gas companies operating in Texas, and especially those concentrated around Houston, are exposed to major cybersecurity threats as the sheer size of operations and the growing digitalization of the energy industry make it difficult to protect sensitive data.

An investigation from the Houston Chronicle cites figures from Homeland Security, which reveal 350 cybersecurity incidents at companies operating in the area for the period between 2011 and 2015. In total, Homeland Security identified 900 security flaws in U.S. oil and gas companies in the period, making the energy industry the worst performer in cybersecurity.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News