Oil and Gas Companies Must Act Now on Cybersecurity
The World Economic Forum’s Cyber Resilience in the Oil and Gas Industry: Playbook for Boards and Corporate Officers Provides a New Blueprint to Secure Critical Infrastructure
The energy sector is no stranger to cyber attacks. For many American families and businesses, the most personally disruptive incident in recent memory came in May 2021 with the ransomware attack that shut down a major U.S. oil and gas pipeline responsible for supplying nearly half of the East Coast’s petroleum. But for global energy industry leaders – and the oil, gas and utility sectors in particular – this is another incident in a series of cyber attacks on critical infrastructure in the increasingly harried digitally connected energy ecosystem that requires an urgent solution.
Navigating big challenges, from the NotPetya cyber attack on a Ukrainian utility in 2017 that shut down much of the country’s power grid, to the attack on the Colonial Pipeline in 2021, is a responsibility that now falls on the energy sector’s top executives and board members. These leaders need to mitigate cyber risk in a sector undergoing a digital revolution…
