CYBER SECURITY
This is set to directly impact cyber security , both in oil and gas initially within the context of the war , and in securing the energy transition and new modes of electricity generation .
A survey from Trend Micro among electricity and oil and gas firms also underlined the scale of the threats . It found 89 % of electricity and 88 % of oil and gas suppliers experienced cyber incidents that affected their supply over a year .
ICS / OT disruptions that lasted four or more days were prevalent in 56 % of electricity companies and 65 % of oil and gas firms . The average financial damage to both sectors was around $ 3.38mn .
Only about 40 % of organisations have regularly reviewed and adapted to risks either in IT or OT , and about half of the respondents did not take enough action to improve after experiencing a cyber incident , it reports .
“ While IT and OT are inseparable , the current maturity level of cyber security varies widely from organisation to organisation ,” it concluded .
The current top driver to strengthen cyber security is preventing recurrence of incidents ( 30 %), followed by requests from business partners / clients / customers ( 29 %) and implementing a cloud system ( 27 %).
“ The name of the game is oversight , efficiency , and security when it comes to smart metering ”
DIMITRIOS PAVLAKIS SENIOR IOT CYBER SECURITY ANALYST , ABI RESEARCH
OVO Energy selects Noetic Cyber
Noetic Cyber , an innovator in
Continuous Cyber security Asset and Controls Management , based in London and Boston , has been selected by OVO Energy as a solution partner to help them achieve greater visibility and insights into their current cybersecurity posture . OVO is deploying the Noetic platform to gain better context and understanding of their cyber risk .
OVO Energy is the UK ' s third largest energy supplier , and has adopted a cloud first approach , enabled by implementing a culture of technical autonomy , where teams at OVO select the cloud platforms and services best suited for their specific needs .
This means OVO ' s security team needs an automated way to understand their cyber security landscape across a diverse range of cloud platforms , including SaaS applications and on-premises systems .
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