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What the cyber-attack on the US oil and gas pipeline means and how to increase security

Source: World Economic Forum

The recent cyber-attack on the US major oil and gas pipeline could become one of the most expensive attacks to an economy. The increasing digitalization of critical infrastructure sectors such as oil and gas, and the associated industrial systems, is changing the nature of cyber risks.

The World Economic Forum recently ran a survey among our Cybersecurity Leadership Community members and found out that 80% see ransomware as a dangerous growing threat that is threatening our public safety. Unless cybersecurity practices are embedded into the corporate or organizational culture and digital products lifecycle, we are likely to see more frequent attacks on industrial systems like oil and gas pipelines or water treatment plants.

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