Global oil companies take Cyber Resilience Pledge

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As soon as the World Economic Forum announced a Cyber Resilience Pledge at its Annual Meeting 2022, about 17 oil companies took the pledge of reacting collectively against global cyberattacks.

Precisely speaking, the pledge is meant for companies to make a harmonized approach and share information when their IT infrastructure is facing cyber threats.

The companies that took the pledge are Petronas, Repsol, Suncor, OT-ISAC, Occidental Petroleum. Maire Tecnimont, Cognite, Dragos, Ecopetrol, Eni, EnQuest, Galp, Aker ASA, Aker BP, Saudi Aramco, and Claroty.

To those who aren’t aware of the latest, the year 2021 witnessed a sophisticated cyber-attack on the Colonial Pipeline that almost led to fuel scarcity in the Eastern parts of North America. Early this year, a cyber attack also hit a European Refinery.

So, from now on, those companies that are working in the oil, refineries, and the energy sector will be asked to take a pledge in the United States. And as a part of this commitment, senior cyber leaders will be engaged by signatory organizations to collect information from companies that are to improve their cyber resilience against threats existing in the current cyber landscape.

Meanwhile, a similar pledge related to cybersecurity was also taken by the Ministry of Defense of the UK. The pledge was to become resilient against all existing security vulnerabilities and cyberattacks by 2030.

Here, the strategy is simple: tackle threats maturely, secure the digital backbone, and enhance defense capabilities to function effortlessly in cyberspace.

NOTE- Digital Backbone is nothing but to ensure things like network, applications, and data are well secured on a digital note.

 

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Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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