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Industry dynamics

Cyber crime key topic of upcoming Security in Energy conference

Time:2017.11.08


Cyber crime key topic of upcoming Security in Energy conference

Organizers of the second annual Security in Energy conference, to be held in Abu Dhabi in November, say that oil and gas has been exposed as a prime target for cyber criminals after the industry was singled out during international ransomware attacks.

Colocated within the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Security in Energy recognises the increasingly critical importance of IT systems to oil and gas operations, and follows two major ransomware attacks in the first half of 2017.

The second of these, the NotPetya attack at the end of June, appears to have specifically targeted oil and gas companies. According to analysis by Kaspersky Labs, just three business sectors accounted for around 80 percent of targets. Oil and gas accounted for around 25 percent, a close second to the finance sector, and just ahead of manufacturing.

Recent reports predict the Middle East cyber security market will grow from US$11.38 billion in 2017 to US$22.14 billion by 2022. ADIPEC's Security in Energy Conference delivers the latest market intelligence in energy security protocols, and places a spotlight on the best innovations, security practices and crisis planning within the industry.

Specific conference sessions will cover key topics in cyber security, including ransomware; the internet of things (IoT); the convergence of operating technology and IT; security and compliance risks in cloud computing; risk management for supply chain and business continuity and the use of big data and analytics. Keynote addresses will focus on the balance between investment and risk, and the impact of regional collaboration on oil and gas security, with discussions to include both defensive and offensive approaches to security.

The conference programme is planned to offer immediate relevance to oil and gas. For example, there will be a significant discussion of threats to critical infrastructure, where attacks could cause widespread operational disruption and safety risks. It will offer insights into and frontline protection strategies, whether for new systems, or by retrofitting of existing industrial control systems to build secure and resilient operations.

There will also be a dedicated Security in Energy zone within the ADIPEC exhibition halls.


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