- Published on Wednesday, 30 January 2013 12:16
- Written by Roberta Murray
The industry's control systems are full of unpatched vulnerabilities to the Internet, new findings show.
- generic viagra vega
- generic viagra report
- viagra alcohol
- buy cialis online rss feed
- buy viagra softtabs
- cialis softtabs online information
A multi-billion dollar industry, trading one of the most valuable commodities on the market, is connecting its industrial control systems full of unpatched vulnerabilities to the Internet, where cybercriminals roam in all impunity, findings by ABI Research have concluded.
These systems are poorly protected against cyber threats – at best, they are secured with IT solutions which are ill-adapted to legacy control systems such as SCADA.
Senior cybersecurity analyst Michela Menting, comments: "The lack of appropriate security has already allowed a number of destructive cyber-attacks to lay waste to some of the most high-profile companies in the industry
"From Night Dragon to Shamoon, oil and gas companies have been the victims of sophisticated cyber threats since 2009. Many of these attacks have caused significant financial damages – and yet the industry is painstakingly slow in deploying proper cybersecurity measures adapted to the infrastructure."
This lax approach is not only careless, it can be dangerous, says ABI. Illegal interception and modification of commands to pipelines could cause massive environmental disasters or even life-threatening situations. The terrorist threat is just as real online as it is in the physical world.
Inevitably, as the number of cyber-attacks increase in the coming year, realization of the financial implications of persistent cyber threats will boost cybersecurity spending in this field during the forecasted period. Spending is set to pick up considerably from 2014 onwards.
ABI Research calculates that cybersecurity spending on the oil & gas critical infrastructure will reach $1.87 billion by 2018. This includes spending on IT networks, industrial control systems and data security; counter measures; and policies and procedures.
Offshore Technology International Vol:1 2014
Latest on Offshore Technology International
- UK rooftops to become power stations
- National Renewable Energy Centre and Offshore Renewable Energy Catapult merge
- UK oil and gas sector to create 39,000 new jobs in next two years
- Max Petroleum Plc announces successful appraisal well at Sagiz West
- Record-breaking wind energy leads to decrease in coal and gas production
- Increasing seal face capability in hard-on-hard combinations
- API: Gulf lease sales show benefits of opening Atlantic to oil & gas activity
- Cairn Energy plc plugs and abandons JM-1 well without testing
- Young Brits favour offshore wind over fracking
- New UK fund to support development of community energy projects
- Statoil ASA announces contract wins for Barents seismic
- Genel Energy plc shares jump to record high on positive Kurdistan news
- Glencore Xstrata plc shares rise as it reports plans to restart Pasar production
- Nominations open for the 2014 Safety Awards
- Severn Trent plc suffers broker downgrade