Oil & Gas Product News Logo

Cyber crime key topic of upcoming Security in Energy conference

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.

Co-located 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.

"Cybercrime is a serious problem for any business, but recent incidents raise concerns that oil and gas companies will be high-priority targets for attacks," said Christopher Hudson, President - Global Energy at dmg events, which organizes ADIPEC in partnership with Abu Dhabi National Oil Company (ADNOC).

"The Security in Energy conference provides a robust discussion specific to the needs of this industry, helping companies ensure that strong defences are in place."

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 front-line 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.

"Illicit cyber activity is here to stay," said Don Randall, Former Head of Security and Chief Information Security Officer for the Bank of England, who will be sharing his expertise during the conference. "But understanding the motivation of the perpetrators, with appropriate responses and education, can substantially reduce the risk and harm."

The list of speakers will feature leading figures from organizations tasked with tackling cybercrime in the Middle East, including Ahmed Alshemaly, Director, Cyber Defense Centre, National Electronic Security Authority (NESA), United Arab Emirates; Eng. Ibrahim AlShamrani, Executive Director of Operations, National Cyber Security Center, Ministry of Interior, Saudi Arabia; and Mohammed Bushlaibi, Forensic Analyst, Telecommunications Regulatory Authority (TRA), United Arab Emirates. They will speak alongside renowned international experts.

According to Accenture's High Performance Security 2016 Report, 96 cyberattacks were reported over 12 months by oil and gas company heads, while 55 percent of oil and gas leaders say the need to fill cybersecurity gaps in end point or network security is their most pressing concern. The Cisco 2017 Annual Cybersecurity Report estimates that the frequency of ransomware attacks is growing by around 350 percent each year. The tools to conduct an attack are easy to obtain and easy to use. Ransomware is even available as a software-as-a-service subscription.

While the number of attacks is increasing, there are concerns that some oil and gas companies have reduced their security budgets as they struggle to balance cost and risk at a time when finances are under pressure, leaving themselves dangerously exposed. The Security in Energy conference sessions will aim to bridge this awareness gap, emphasise the importance of building a solid defence platform against cyber-attacks and understanding the fallout of an attack and its implications to business.

"Cybercrime is a threat to the global economy," said Sandip Patel, QC, a UK-based lawyer and leading international expert on prosecuting cybercrime cases in court, and one of the speakers at the Security in Energy conference. "Some estimates cost it at more than 445 billion dollars, but the true cost is far greater as many countries do not report on this."

By co-locating security within ADIPEC, one of the world's most important strategic gatherings for top global oil and gas executives, Security in Energy ensures that the integrity of systems is part of a broader discussion of industry issues.

A company's security protocols are generally in the capable hands of the CIO/CISO. However, in order for the protocols to be 100 percent understood and delivered, it is the priority of the entire organization, from the top-down and bottom-up, to ensure a solid framework and delivery. Bridging the vocabulary gap between security professionals and their CEO's and senior management teams is vital to ensure they are all aligned on the ever-present security risks to their organization.

"Reducing cost and improving efficiency are important messages in oil and gas today, and many companies are investing in technology to reduce their costs," said Christopher Hudson. "Keeping that technology safe and secure needs to be a number one priority. It needs to be as much a concern for the Chief Executive Officer as it is for the Chief Information Officer.

"Security in Energy recognises that this is a core issue for a modern business, and cannot be pushed into a departmental silo."

More from Shows & Events

Orbital Gas Systems showcases new technologies at open house

Orbital Gas Systems, a wholly-owned Energy subsidiary of CUI Global, Inc., held a technology showcase and open house for customers and suppliers at its Houston facility Thursday, April 25. The 39,000 square foot facility supports the growth of the upstream, midstream and downstream product lines and services, including gas metering, process control, telemetry, gas sampling, environmental monitoring and BioMethane systems.

Interventek launches Revolution PowerPlus safety valve technology at Subsea Expo

Subsea oil and gas engineering firm Interventek will unveil the development of the industry's first subsea shear-and-seal safety valve powered by an integrated gas accumulator at next week's Subsea Expo show in Aberdeen, UK. This innovation builds on Interventek's existing, award-winning, Revolution valve technology by adding a gas accumulator within the valve, close to the cutting and sealing mechanism. It increases the power and speed of the valve's functionality and provides a failsafe mode triggered in the event of an emergency. 

Caterpillar to showcase technology solutions at ADIPEC

Caterpillar Oil and Gas is pleased to participate in the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) taking place at the Abu Dhabi National Exhibition Center, November 12 - 15. This year at ADIPEC will be the first time Caterpillar will jointly participate alongside five Cat dealers, Al-BahaZahidMantrac GroupEneria and Zeppelin Power Systems. The Caterpillar exhibit will center around the theme of technology, as connecting with customers through products and services is a continued focus for the company. Caterpillar will showcase the latest technologies including services available through Cat Connect.

Global Petroleum Show adds comprehensive conference for 2018 event

Global Petroleum Show (GPS), North American's leading energy event, will kick-off its 50th year next month in Calgary. From June 12-14, over 50,000 industry professionals, government officials, national and international energy companies, thought leaders and influencers from around the globe will gather at Stampede Park to share innovative technologies and engage in complex and controversial discussions with the potential to shape the future of the energy industry. 

free-paper-airplane

Get our newsletter

Learn more

Role of women in oil and gas continuing to grow

Women continue to take on bigger roles in the oil and gas industry, with a new generation of female professionals seeking careers in scientific or technical roles, say industry leaders scheduled to take part in the ADIPEC Women in Energy conference, in Abu Dhabi, in November.

Oil Sands Trade Show returns to Fort McMurray for 2017

Oil Sands Trade Show and Conference (OSTS) is returning to Fort McMurray and will offer attendees expertise and insights from all aspects of the oil sands industry in one setting. This premier oil sands event takes place Tuesday, September 12 to Wednesday, September 13 at the Suncor Community Leisure Centre in Fort McMurray. OSTS will focus on promoting the latest industry technologies, maintenance, shutdowns/turnarounds, mining, upgrading, health and safety, and environmental strategies, and offer attendees access to many free-to-attend conference sessions.

Global Petroleum Show 2017 invites attendees to "Experience the Energy"

Global Petroleum Show (GPS), an industry leading oil and gas exhibition, officially kicks-off its 49th year tomorrow in Calgary at Stampede Park. From June 13-15, this industry leading event will provide attendees with direct access to the entire supply chain, innovative technologies, products and services, and a massive number of educational seminars within the energy sector. The three-day event will bring together energy professionals, international delegates and exhibitors from 110 countries to strengthen business relationships, network, and do business with more than 1,000 exhibitors.  

ISA Calgary features keynote on urban mobility

ISA Calgary Section, in partnership with dmg :: events, the organizers of the Global Petroleum Show, brings together more than 5,000 registered ISA professionals and 200 exhibitors from 8 visiting countries for a two-day Expo and Conference on April 19-20, 2017 at Stampede Park.  The show features innovative technology, educational program and networking events for a broad range of industry professionals.

International perspectives on indigenous energy relations and more at GPS

Global Petroleum Show (GPS), the flagship energy gathering that calls Calgary home, will celebrate its 49th year this June as it seeks to engage and educate industry experts from around the world with regards to innovation and technology, energy sector issues and international business relations. In addition to more than 1,000 exhibiting companies, headlining this year's show will be the Low Carbon Innovation Forum, the Indigenous Conference on Energy and Mining, the Energy Dialogues, and the Country Markets Seminar Series. 

Trudeau to deliver keynote at international energy gathering in Houston

Prime Minister Justin Trudeau will deliver the keynote address at an annual international gathering of energy industry leaders in Houston, Texas, on March 9. During his address to the CERAWeek by IHS Markit gathering, the Prime Minister will discuss Canada's strategy of strongly linking economic and resource development with environmental leadership and renewable energy innovation. 

Global Petroleum Show entering 49th year

Now entering its 49th year, the Global Petroleum Show (GPS) is pleased to invite industry experts from across the globe to experience the growing momentum of the oil and gas industry at one of the world's premier gatherings of the energy sector. GPS welcomes local and international delegates, exhibitors and industry professionals to participate in the thought leadership, innovation and solution-building that will arise from the three days of showcasing, networking and education set to take place this year from June 13-15 at Calgary's Stampede Park. 

free-magazine-subscription

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more

Global Petroleum Show demonstrates diversification in future of energy industry

The Global Petroleum Show (GPS) welcomed attendees from across the globe to the three-day trade show and conference, which took place from June 7-9 at Stampede Park. As a leading global energy congregation, GPS provided a platform for local and international delegates, exhibitors and industry professionals to connect and discuss the future of the energy industry. Through an expansive indoor and outdoor exhibition space and a plethora of brand-new features, the world's top decision makers were treated to more than 170 unique presentations and discussions with industry thought-leaders, and 17 exclusive networking events.

North America's natural gas revolution starting to capitalize on global and domestic opportunities

North America is experiencing a period of volatility in its domestic gas market. The slump in crude oil prices and the glut of natural gas supply from vast shale plays are clashing with demand fluctuations, a cautious economic upturn, and the prospect of new LNG export opportunities. Global commodity price volatility has been felt from the rich production zones of the Marcellus to the Asian manufacturing sector.

Expert abstracts sought for well intervention conference

With only three weeks left to become part of the presentation line-up for this year’s SPE ICoTA European Well Intervention Conference, experts in well intervention are urged to submit an abstract on the topic and share the latest developments in the field with their peers.

Berlin Calling For Papers – Positive Signs in Plastic Pipe Market

The Plastic Pipes Conference Association (PPCA) has announced a call for papers to be presented at its Plastic Pipes XVIII Conference and Exhibition taking place in Berlin’s InterContinental Hotel on September 12 - 14 2016. The announcement comes on the heel of positive signs for the global plastic pipe market.

Global Petroleum Show Brings International Energy Thought Leaders Together

Global Petroleum Show (GPS) will welcome more than 50,000 registered attendees to Calgary’s Stampede Park from Tuesday, June 9 to Thursday, June 11, 2015 for one of the world’s largest energy events. The annual show will focus on the 2015 theme of “Reimagine. Reinvent. Reposition.” and will feature 20,000 unique companies coming together from 100 countries.

free-paper-airplane

Get our newsletter

Learn more