Energy Companies Unready For Lethal Cyber Attacks

In a recent survey, over 80% of the industry professionals working in the power, renewables and oil and gas sectors who responded  believe that a cyber attack on the industry is likely to cause operational shutdowns and damage assets and critical infrastructure.

According to a report by the leading energy technology specialist DNV57% of energy professionals expect an incident to cause loss of life, while 85% foresee operational shutdown and 84% damage to critical infrastructure. Additionally, 74% expect an attack to harm the environment while 57% anticipate that it will cause loss of life.

While people working in the industry fear the worst, many companies in the power, renewables and hydrocarbon sectors are taking a “hope for the best” approach to cyber security rather than actively confronting the issue. The DNV report says two thirds of respondents reported “major changes” to strategies and systems following the spate of incidents, there was also a warning of widespread complacency.

The biggest threat could now come not directly to the IT systems of companies themselves, but to the operational technology (OT) that links and controls an increasingly interconnected energy system.

Trond Solberg, Managing Director, Cyber Security at DNV said: “As OT becomes more networked and connected to IT systems, attackers can access and control systems operating critical infrastructure such as power grids, wind farms, pipelines and refineries... Our research finds the energy industry is waking up to the OT security threat, but swifter action must be taken to combat it. Less than half (47%) of energy professionals believe their OT security is as robust as their IT security.”

DNV also contrasted the gap between a sharp focus on physical safety and a laxer approach to cyber security in some companies. DNV recommends that firms identify where critical infrastructure is vulnerable to attack. In particular, better workforce training is needed to ensure improved enforcement of cyber protective measures.

As countries look to end their reliance on fossil fuels, particularly those imported from Russia, hydrogen has been tipped to be the next biggest low-carbon solution. While hydrogen can effectively replace natural gas in many uses, the process as it exists now is not efficient and is expensive, making it difficult to scale to mass production. This has led companies to begin looking for new ways to make hydrogen power more cost-effective.

NATO has maintained for the past 15 years that a cyber attack on one of its members could constitute an assault, and equivalence with a kinetic attack has since been seen as the threshold for viewing it that way. 

DNV:      Process Engineering:     Recharge News:     Express:      Fortune:    GRAE Energy News:

You Might Also Read: 

Anonymous Launch An Attack On Rosneft:

 

« Ransomware - Get A Step Ahead
An Airline Brought To A Standstill By Ransomware »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

Authentic8

Authentic8

Authentic8 transforms how organizations secure and control the use of the web with Silo, its patented cloud browser.

The PC Support Group

The PC Support Group

A partnership with The PC Support Group delivers improved productivity, reduced costs and protects your business through exceptional IT, telecoms and cybersecurity services.

Syxsense

Syxsense

Syxsense brings together endpoint management and security for greater efficiency and collaboration between IT management and security teams.

IT Governance

IT Governance

IT Governance is a leading global provider of information security solutions. Download our free guide and find out how ISO 27001 can help protect your organisation's information.

Clayden Law

Clayden Law

Clayden Law advise global businesses that buy and sell technology products and services. We are experts in information technology, data privacy and cybersecurity law.

ISTQB

ISTQB

ISTQB has defined the "ISTQB Certified Tester" scheme that has become the world-wide leader in the certification of competences in software testing.

ADF Solutions

ADF Solutions

ADF Solutions is a leading provider of digital forensic and media storage exploitation tools.

Beachhead Solutions

Beachhead Solutions

Beachhead's SimplySecure is a configurable, web-based management tool allowing you to remotely secure vulnerable mobile devices in your organization.

Trapezoid

Trapezoid

Trapezoid is a cybersecurity company developing Firmware Integrity Management solutions designed to detect unauthorized changes to firmware & BIOS across the entire data center infrastructure.

Simility

Simility

Simility's multi-layered fraud detection solution uses superior machine learning & device intelligence technology to safeguard your online businesses.

ThreadStone Cyber Security

ThreadStone Cyber Security

ThreadStone Cyber Security offer reliable, practical and affordable cyber security solutions for both large and smaller organizations that we develop and deliver ourselves from Europe.

Liquid Technology

Liquid Technology

Liquid Technology provide DOD- and NIST-compliant data destruction and EPA-compliant e-waste disposal and recycling services throughout North America, Europe and Asia.

DataTribe

DataTribe

DataTribe is a cyber startup foundry, leveraging deep experience and expertise to build and launch successful product companies.

Next47

Next47

Next47 is a global venture firm, backed by Siemens, committed to turning today's impossible ideas into tomorrow's indispensable industries.

Stellar Cyber

Stellar Cyber

Stellar Cyber makes Open XDR, the only comprehensive security platform providing maximum protection of applications and data wherever they reside.

Buchbinder Information Technology Solutions

Buchbinder Information Technology Solutions

Buchbinder Tunick & Company is a premier CPA and advisory firm offering a broad range of assurance, tax, business consulting and IT consulting services.

Panacea Infosec

Panacea Infosec

Panacea Infosec is a leading provider of information security compliance services. We help our clients in protecting their data, reducing security risks and fighting cybercrime.

Cranfield University

Cranfield University

Cranfield Defence and Security are at the forefront of their fields, offering capabilities ranging from cyber security and digital warfare to robotics, forensic sciences and simulation and analytics.

Redbot Security

Redbot Security

Redbot Security provides industry leading manual penetration testing. Protecting critical systems and data - red team attack and breach simulations, (OT) critical infrastructure testing.

Harmonic Security

Harmonic Security

Harmonic Security helps companies to adopt Generative AI without risking the security and privacy of their data.

FT Cyber Resilience Summit: Europe

FT Cyber Resilience Summit: Europe

27 November 2024 | In-Person & Digital | 22 Bishopsgate, London. Business leaders, Innovators & Experts address evolving cybersecurity risks.