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Tag Archive for: oil and gas cybersecurity

Posts

The Threat of Cyberattack is Real For Oil And Gas Industry

August 29, 2017/in Energy IT /by James Wagner

The ongoing dialogue regarding cyber attacks often concentrates on the financial or private sectors, with references to critical information housed by banks, hospitals, and retail giants.

However, this is a harmful misconception.

Any industry can be adversely affected by malware and phishing attacks.

The oil and gas industry, in particular, has seen a rise in cyber attacks, but many of these companies have yet to secure their digital infrastructures.

The Reality of Cyber Threats

The Threat of Cyberattack is Real For Oil And Gas IndustryOil and gas companies retain a great deal of sensitive information, ranging from consumer details to full computer access of critical equipment.

Therefore, an attack anywhere within this industry has ripple effects inside and outside a targeted company.

For example, a well or a pipeline that is targeted could lead to oil spills or significant disruption in distribution.

Attacks against the operation technology (OT) sector of the oil and gas industry can have devastating consequences, particularly when the world considers petroleum such an important commodity.

The Importance of Cybersecurity

Technological advancements have expanded what the OT sector – in partnership with the IT sector – is capable of, but without proper risk management, it can be difficult to sustain profitable operations.

Cyber-threats will continue to evolve, time and again challenging your cybersecurity systems to counter these cyber attacks.

With the continuous changes in offshore physical locations, as well as onsite databases, the oil and gas industry is at a crucial point in establishing secure systems and effectively managing risk.

The Benefits of Prevention

With human error existing as one of the top cybersecurity threats, education is essential in teaching employees how to recognize advanced threats and how to prevent attacks.

This knowledge can both help employees detect and defend from hackers who are eager to dismantle your operations.

It can be as simple as opening an email, and hackers are skilled at constructing almost imperceptible access points to your company’s most private information.

It is suspected that almost half of all cyber attacks in the OT sector go completely unnoticed.

How many billions of dollars have slipped through the cracks of your company’s cybersecurity system?

It is not a matter of if but a matter of when the oil and gas industry will face a cyber attack of overwhelming proportions.

All industries are being affected, and the oil and gas industry is a lucrative victim.

The ITeam Is Your Oil & Gas IT Partner

With over 20 years of experience in the oil and gas sector, The ITeam – in collaboration with our energy clients – has designed a comprehensive service offering to deliver superior results.

Whether your company is in the upstream, midstream, or downstream market, proprietary data is business critical.

The ITeam’s oil and gas experience is extensive, and we have experience in many industry-specific software packages, including exploration and production, GIS mapping, accounting, office productivity suites, and everything in-between.

We know what works for our energy clients, and we leverage our industry-specific expertise to offer everything at a fixed monthly price. Contact us to learn more.

Cybersecurity Isn’t Keeping Pace in the Oil and Gas Industry

August 17, 2017/in Energy IT /by James Wagner

Cybersecurity is a growing concern in the oil and gas industry, due to the merge of OT and IT methods of business in recent years, consequently digitizing the entire enterprise.

Very few companies rate themselves as being highly prepared, which showcases the alarming need for advancement in risk management.

What Are The Risks?

Cybersecurity Isn’t Keeping Pace in the Oil and Gas IndustryThe oil and gas industry faces particular concerns when considering preventative cybersecurity measures, and 68% of those surveyed report at least one attack.

There is potential for large-scale disruption, as well as consequences for economic downfall and risks to national security.

As in any industry, data is a prime target, but it is the energy sector that is perhaps most tempting for hackers.

Attacks on integrated operations, such as computers and pipeline control panels, disrupt production and distribution. In other circumstances, attacks have resulted in crude-oil spills.

What Is The Solution?

Oil and gas manufacturers require strong cybersecurity precautions regarding upstream, midstream, and downstream applications.

An organization’s industrial control system necessitates an effective security technology, and as required of any organization, a method of continuous monitoring to prioritize the understanding of threats.

Preventing negligence and insider threats is also crucial to oil and gas, as the repercussions of an insider attack can be severe – financially, nationally, and environmentally.

Employees new to automated and digitalized systems may not be aware of the risks; therefore, educating employees on their roles in preventing attacks is critical.

Cyber attacks on the oil and gas industry can have overwhelming consequences, but the most effective technologies are not even being utilized by many organizations.

By assessing the level of risk, a targeted solution can successfully secure a company’s digitalized infrastructure.

Inadequate cybersecurity has too high of a cost, and oil and gas industries are of premium concern.

Without the proper security features, many attacks, and subsequent losses, go unnoticed.

Establishing appropriate security practices is key to closing the gap that exists, as well as securing the future success of your company.

The ITeam Is Your Oil & Gas IT Partner

With over 20 years of experience in the oil and gas sector, The ITeam – in collaboration with our energy clients – have designed a comprehensive service offering to deliver superior results.

Whether your company is in the upstream, midstream, or downstream market, proprietary data is business critical.

The ITeam’s oil and gas experience is extensive, and we have experience in many industry-specific software packages, including exploration and production, GIS mapping, accounting, office productivity suites, and everything in-between.

We know what works for our energy clients, and we leverage our industry-specific expertise to offer everything at a fixed monthly price. Contact us to learn more.

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