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Cyber 9/11: Is The Oil & Gas Industry Sleepwalking Into A Nightmare?

Posted: 05/31/2015

"A cyber attack perpetrated by nation states or violent extremist groups could be as destructive as the terrorist attack of 9/11,"
Leon Panetta, US Secretary Of Defense, October 11th 2012

Cyber Security within the oil and gas industry is a threat that is, in many cases, being ignored. It has a direct effect in the creation of government regulation and legislation, can have deep financial impact and – in some cases – can even cost lives.


The 2014 Verizon Data Breach report states that 40 per cent of the attacks performed in the manufacturing and mining industry are cyber espionage based. A UK survey revealed that 81 per cent of large companies were digitally attacked, at an average cost of £1 million per company. Similarly, 62 per cent of small and medium-sized enterprises (SMEs) were digitally attacked in 2014 at an average cost of more than £100,000 per incident.

Cyber 9-11 is coming, and it’s a "when" and not "if" scenario. It is debatable whether anybody can be totally prepared for an event of such magnitude, but our research has shown that the oil and gas industry is unfortunately often unprepared in its basic prevention and mitigation abilities.

Eventually, even your company will be a target and the cost of unpreparedness could be crippling.

In this 15 page Oil & Gas IQ report we examine the current state of Oil and Gas Cyber Security and the mammoth price of not being prepared.

In association with FOX IT

Read More: Oil Price: The Top 25 Events That Rocked The Cost Of Crude Oil

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Posted: 05/31/2015