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Countering Security Issues in the Digital World

The adoption of digital technologies in the oil and gas industry is generating exciting new opportunities to improve performance, profitability, and sustainability, but brings new safety and security challenges across all operations.

According to a 2017 survey by the Ponemon Institute, cyber attacks are on the rise. Successful breaches per company each year have risen more than 27%, from an average of 102 to 130. The energy and utilities industry, including oil and gas, suffered average annualized losses from cyber crime of $17.2 million per sampled organization, just behind the financial services sector at $18.2 million.

In June 2017, the NotPetya computer virus affected many companies around the world, including the Russian oil and gas giant, Rosneft. In the same year, another report stated that almost three-quarters of US oil and gas companies had a cyber incident, yet only a handful cited cyber risk as a major concern in their annual reports.

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Countering Security Issues in the Digital World

Ben Dickinson, Global Cyber Security Consultant, ABB, and Mario Chiock, IT Security Fellow, Schlumberger

01 June 2019

Volume: 71 | Issue: 6

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