Oil & Gas has always been an industry affected by a wide range of geopolitical, economical and technological factors. The energy transition is one of the more recent macro trends impacting every player in the sector.
Companies are adjusting their business models and reorganising their organisational structures to prepare for the shift to renewable energy. They are becoming more integrated, focusing on consumers’ broader energy needs all the while reducing carbon emissions and addressing sustainability concerns.
To enable this, the missing capabilities get acquired and unwanted assets get divested. Cyber security has a part to play during divestments. preventing business disruption and data leaks during handover. In acquisition scenarios, supporting due diligence and secure integration becomes a focus.
Digital transformation is also high on many boards’ agenda. While cyber security experts are still grappling with the convergence of Information Technology (IT) and Operational Technology (OT) domains, new solutions are being tried out: drones are monitoring for environmental issues, data is being collected from IoT sensors and crunched in the Cloud with help of machine learning. These are deployed alongside existing legacy systems in the geographically distributed infrastructure, adding complexity and increasing attack surface.
It’s hard, it seems, to still get the basics right. Asset control, vulnerability and patch management, network segregation, supply chain risks and poor governance are the problems still waiting to be solved.
The price for neglecting security can be high: devastating ransomware crippling global operations, industrial espionage and even a potential loss of human life as demonstrated by recent cyberattacks.
It’s not all doom and gloom, however. There are many things to be hopeful for. Oil & Gas is an industry with a strong safety culture. The same processes are often applied in both an office and an oil rig. People will actually intervene and tell you off if you are not holding the handrail or carrying a cup of coffee without a lid.
To be effective, cyber security needs to build on and plug into these safety protocols. In traditional IT environments, confidentiality is often prioritised. Here, safety and availability are critical. Changing the mindset, and adopting safety-related principles (like ALARP: as low as resonantly practicable) and methods (like Bowtie to visualise cause and consequence relationships in incident scenarios) when managing risk is a step in the right direction.
Photo by Jonathan Cutrer.