Cybersecurity in the Oil & Gas Industry
With hackers becoming bolder and more destructive, many industries have taken steps to better secure their business information. However, the oil and gas industry remains arguably the most vulnerable to cyber attacks—or at least one of the most heavily targeted. Granted, this industry has not experienced a crippling data breach yet, but that does not mean they are not at risk. As the industry becomes increasingly digital and interconnected, the need for strong cybersecurity also grows.
amshot has a specialized focus on managed IT services and software development for the oil and gas industry. Our extensive knowledge of this industry has led to the development of a unique and effective approach. In this week’s blog, we’ll share our breakdown of cybersecurity in the oil and gas industry and why it’s crucial for businesses to be prepared.
THE RIPPLE EFFECT
In the past, the remote operations and intricate data structures provided a natural defense against cyber attacks. When cyberterrorism was the ultimate goal, there was a general consensus that hackers weren’t targeting oil and gas data. However, hackers are constantly evolving, and so are their strategies. Today, many hackers are profit-focused with strategies like disrupting operations, espionage, and stealing sensitive field data.
The oil and gas industry can be slow to adopt technological advancement. In fact, many companies are utilizing outdated software and systems leaving them vulnerable to attack— even though one of the unique aspects of the oil and gas industry is the potential magnitude of a data breach. Imagine a hacker was able to access operational technology for wells. With that data, an entire company could be shut down, and a breach of operational technology would have a ripple effect throughout the industry. The scariest part? A study was conducted to evaluate how the industry is addressing security risks to operational technology and an average of 46 percent of cyber attacks went undetected.
It’s no longer a question of if a data breach will occur in oil and gas, it’s simply a matter of when. Significant technology developments have been made to increase efficiency in operations, data collection, and exploration. Now, these advancements provide companies with the time to focus on protecting their assets. Cybersecurity has been put on a backburner for the oil and gas industry, but it’s time to make it a priority—and amshot can help.
A comprehensive cybersecurity plan begins with assessing the risks and vulnerabilities of your company. Then, potential risks can be prioritized and crisis management plans created. While these initial steps allow you to prepare responses for a data breach, consulting with IT professionals is a necessity in this industry. The interconnectedness of industry practices requires network security, data encryption, and vigilant monitoring. By establishing a data breach response plan and secure IT practices, the risk of cyber attacks is significantly reduced.
If your company does not utilize managed IT services, schedule a free consultation with amshot and discover how our specialized approach to oil and gas cybersecurity can help you.