Cyber Security for the Oil and Gas Industry & Vulnerabilities
Published on : Tuesday 30-11--0001
Today’s hyper-connected world is very susceptible to cyber attacks and industries are more and more taking measures to bulwark their systems and data. The oil and gas industry is not any exception. To extend potency of operations, they're digitally connected these days. Whereas this has its obvious benefits, it conjointly has its ill-effects – heightened risk of cyber-attacks. This has necessitated the requirement for correct cybersecurity measures and has, in turn, spawned a complete market altogether – oil and gas cyber security market.
A report by Transparency Market Research studies the global marketplace for oil and gas cybersecurity by resolution in numerous crucial aspects. It takes into thought each historical and current data to measure the dimensions of the market. It sheds light on the expansion drivers and restraints to know the longer term trajectory of the market. The report conjointly leverages market-leading analytical tools to fathom the present competitive dynamics and profiles leading players at the side of their strategies.
Insider misuse, crime ware, miscellaneous errors, cyber undercover work, net application attacks, denial of service, physical threat/loss of property, and payment skimmers are to call a couple of common cyber attack threats within the oil and gas industries. To counter them, cybersecurity systems are deployed in oil and gas operational sites. They monitor the processes throughout plant shutdown and facilitate uncover utilities interruption, facilities coercion, production disruption, unobserved spills, and organic compound installation coercion. Effective cyber security systems in place guarantee seamless operations right from exploration and production of oil and gas to their delivery to end-users sans mishap or other hitches.
The global market for oil and gas cybersecurity can be split broadly into physical security and network security. Sector-wise, upstream, midstream, and downstream are the three primary segments in the market. Depending upon application again, the market can be bifurcated into the onshore and offshore groups.
The different types of cybersecurity challenges in the upstream sector include breach of confidential information or data pertaining to drilling operations, planned projects, production sharing contracts (PSC), block diagrams, tenders, field production information, and drilling methodologies. The upstream segment is considered most prone to cyber attacks. Cyber-threats in the midstream oil and gas sector is mostly related to supply chain logistics, distribution networks, storage information, pipeline data, and pipeline and transportation information. In the downstream, major cybersecurity challenges pertain to refinery information, consumer data, end-user distribution, retail data, and industrial plants and manufacturing data.
From a geographic standpoint, North America and Europe are key markets in the global market for oil and gas cyber security. This is because the two continents are home to advanced countries that invest heavily in sophisticated cyber security systems to avoid breaches.
Some of the key players operating in the global market for oil and gas cyber security, listed in the report are Siemens AG, Lockheed Martin Corporation, Parsons, Microsoft Corporation, Cisco Systems, Inc., Symantec Corporation, Intel Corporation, and Accenture.
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