Energy Magazine August 2022 | Page 53

CYBER SECURITY

THE F CKS

WRITTEN BY : DOMINIC ELLIS

Global cyber security spending in industrial critical infrastructure sectors ( energy , transport , and water & waste management ) is expected to hit $ 23bn by the end of 2022 , according to ABI Research . So the good news is that cyber security is being taken seriously across the board . The bad news is that energy will be the most affected industry in future , the report states .

The current armed conflict between Russia and Ukraine is forcing Western countries to wean themselves off oil and gas , and accelerate the transition to more sustainable energy – a plan that had already existed on their climate change agendas , albeit with a much longer phase-out timescale .
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