Oil & Gas Cos To Spend $1.87 Bn In Cybersecurity By 2018

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, says ABI Research.

February 08, 2013 / 12:25 IST

As a highly critical sector, the oil and gas infrastructure should be one of the most secure, both physically and digitally. This is not the case. 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. 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.

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first published: Feb 8, 2013 12:14 pm

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