The oil and gas utilities industry face threats from cyber incidents. The ransomware attack on the Colonial Pipeline in May 2021 had a huge impact on the industry. In February 2022, it was also reported that European oil facilities hit by cyber-attack and forced to operate at limited capacity.
These latest incidents suggest that oil and gas supply process depend on IT systems, and that the critical operations could be disrupted by IT not working due to cyber-attack.
In August 2021, the American Petroleum Institute updated cybersecurity standards for pipelines.
Source: Trend Micro