The Colonial Pipeline attack in May 2021 was a wake-up call that highlighted the vulnerability of the oil and gas industry to cyber threats, which have always presented a risk to oil and gas companies.
Further, several factors such as Covid-19 and the industry’s digitalisation have heightened the sector’s vulnerability. As the oil and gas industry undergoes digitalisation, the cybersecurity market within the sector will also experience growth.
Leading oil and gas companies in cybersecurity
As critical national infrastructure, oil and gas companies are key targets for cybercriminals. Cyberattacks on oil and gas companies promise maximum disruption and extortion opportunities.
Companies that maintain cybersecurity as a central tenet of their digital strategy stand to gain the most, however, companies failing to sufficiently invest in cybersecurity face financial and reputational harm. Robust cybersecurity is no longer just a case of best practice but is critical to the safe and reliable operation of companies within the oil and gas industry.
Leading adopters of cybersecurity in the oil and gas industry include OMV, ExxonMobil and Equinor.
Discover the leading cybersecurity companies in oil and gas
Using its experience in the sector, Offshore Technology has listed some of the leading companies providing products and services related to cybersecurity.
The information provided in the download document is drafted for oil and gas executives and technology leaders involved in oil and gas cybersecurity solutions.
The download contains detailed information on suppliers and their product offerings, alongside contact details to aid purchase or hiring decisions.
Amongst the leading suppliers of cybersecurity to oil and gas companies are Siemens Energy, RigNet, Fortinet, Forescout, Mission Secure, Sectrio, Kognitiv Spark, XONA, Darktrace, and EY.
Future of cybersecurity in the oil and gas industry
Leading oil and gas companies are fortifying their cybersecurity by investing heavily in this theme. GlobalData forecasts that cybersecurity spending in energy will reach just under $10bn in 2025, having grown at a CAGR of 9.1% between 2020 and 2025. The energy industry currently contributes just over 5% of global cybersecurity spending and is forecast to be the sixth-largest contributor to overall cybersecurity spending by 2025.