Almost two-thirds of oil and gas companies have recently had a serious cybersecurity incident, and only a small minority of them felt confident that their defense capabilities match the threats, a new survey from EY has revealed.
The survey, which involved 40 respondents from the oil and gas industry, found that 60 percent had recently had a significant cybersecurity incident, but only 15 percent have what EY calls a robust incident response program. Even more discouraging was the finding that just 17 percent of respondents felt they are very likely to detect a sophisticated cyberattack in the future.
The issue of cybersecurity is growing in importance for the oil and gas industry as it moves towards greater digitization and automation, while cyberthreats generally increase in number and gravity. That could turn into a major headache for an industry that’s been wary about digital tech, but has been greatly motivated to expand its adoption after the 2014 oil price collapse.