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March 18, 2019updated 03 Feb 2022 9:38am

Woodside invests in critical infrastructure cybersecurity firm

Woodside has invested in Western Australian tech start-up Sapien Cyber, which specialises in cybersecurity and protection of critical infrastructure.

By Umar Ali

Australian exploration and production company Woodside has taken a 10% shareholding in Western Australian tech start-up Sapien Cyber, which specialises in cybersecurity and protection of critical infrastructure.

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Following the deal, which is subject to satisfaction of conditions precedent, Woodside chief technology officer Shaun Gregory will join Sapien Cyber’s advisory board as an observer.

Gregory said: “Woodside is proud to be supporting another Western Australian technology company. The sophistication of Sapien Cyber’s technology platform has the potential to deliver a comprehensive and multi-dimensional cybersecurity solution to protect Woodside’s operating assets.”

Sapien Cyber, was launched at Perth’s Edith Cowan University in 2016, commercialised in partnership with Australian corporate advisory firm and investor Jindalee Partners and refined through collaboration with Woodside.

According to Woodside, Sapien Cyber provides clients with “unprecedented network visibility, dynamic real-time monitoring and actionable intelligence” to reduce the vulnerability of digital systems to attack.

Woodside began the “digital transformation” of its offshore infrastructure through a contract with Indian IT multinational Wipro in December 2016.

Sapien Cyber chair John Poynton said: “Criminals, activists and state agents are continually refining the potency of their cyber weapons.

“Solutions need to evolve faster than the threats. Our unique approach offers unparalleled, real-time visibility to the client’s network, detecting operational technology cyber threats before they can wreak havoc.”

Cybersecurity is a significant problem in the oil and gas industry, with companies becoming increasingly aware of their vulnerabilities

Related Companies

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Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
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Enter your details here to receive your free Whitepaper.

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