Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. 24/7 Space News .




ENERGY TECH
Oil Explorers Beware: Hackers Are Eyeing What You Know
By. Jen Alic of Oilprice.com
Washington DC (SPX) Mar 18, 2013


According to Ernst and Young, most oil and gas companies don't have high enough network security standards. This is demonstrated by the rising incidents of external cyber attacks. Some companies in the industry don't even have a formal security framework in place.

While most would think that the risks junior oil and gas companies are taking in exploring new frontiers as far away as the remote reaches of Africa are related to government instability and conflict, another risk they face is right at home and lies right beyond their network firewalls.

Cyber security breaches are becoming more common place as the ranks of junior companies swell and take on new exploration venues with a great deal of energy. But at home their firewalls are not safe and hackers are being paid to find out what juicy exploration news is being discussed in their boardrooms.

In Canada-home of some of the most tenacious of these exploration juniors-local media reported late last year that the internal firewall of Telvent Canada Ltd. had been breached by foreign hackers.

These hackers can represent anyone from a competitor to an organized crime group to political and environmental activists. And the information they want can be anything from preliminary exploration results, merger and acquisition talks and expansion plans to geological data and technological information. All of it is valuable. All of it is sellable.

According to Ernst and Young, most oil and gas companies don't have high enough network security standards. This is demonstrated by the rising incidents of external cyber attacks. Some companies in the industry don't even have a formal security framework in place.

Everything changes with everything else, and while exploration is getting both smaller and bigger at the same time, cyber attacks are being more targeted, taking advantage of individuals who use their own electronic devices to connect to their company's network. This is where the biggest weaknesses emerge.

There is an accelerating trend for oil and gas companies to require their employees to use their own mobile devices for work. It's such a trend, in fact, that it even has its own acronym: BYOD, or bring your own device. But because of the security implications this entails, analysts predict that 65% of enterprises will adopt a mobile device management solution in the next five years.

What this means is that they will need a more secure way to handle sensitive information if their employees are using their own devices, storing company information on those devices and linking up to company networks. Lines between personal and corporate data can be very blurry and this is exactly what cyber attackers are targeting.

There are other weak links, too. Smaller oil and gas exploration and production companies often require external assistance to identify opportunities in foreign countries, to network with the right people and to navigate government figures and regulations. The help they enlist creates another chink in the armor as important data is sent back and forth.

.


Related Links
Oilprice.com
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





ENERGY TECH
Cuba anxious about post-Chavez Venezuela
Havana (UPI) Mar 14, 2013
Cuba is fervently hoping the death of late Venezuelan President Hugo Chavez won't disturb the status quo in the Caribbean island's lucrative relationship with oil-rich government in Caracas. Pronouncements by Cuba's communist elite point to the level of anxiety over the shape of things to come before or after an April 14 special election that Acting President Nicolas Maduro is widely ex ... read more


ENERGY TECH
Lunar Orbiter Image Recovery Project Seeks Public Support To Retrieve Apollo Era Moon Images

China sets moon mission re-entry test

Lunar impacts created seas of molten rock

China to use modified rocket for moon landing mission

ENERGY TECH
Panorama From NASA Mars Rover Shows Mount Sharp

Opportunity Departing South Soon

Particles and Fields Package Integrated on Upcoming Mars-Bound Spacecraft

Europe, Russia ink deal on double mission to Mars

ENERGY TECH
Michoud Building LNG Tanks For Lockheed Martin

Technology to detect Alzheimer's takes SXSW prize

Basketball legend Shaq talks tech at SXSW

UK and Kazakhstan agree collaboration in space

ENERGY TECH
Shenzhou 10 - Next Stop: Jiuquan

China's fourth space launch center to be in use in two years

China to launch new manned spacecraft

Woman expected again to join next China crew roster

ENERGY TECH
Space crew returns to Earth from ISS

Canadian commands space station for first time

'Goody Bag' Filled With Sample Processing Supplies Arrives on Station

ESA's Columbus Biolab Facility

ENERGY TECH
Vega receives its upper stage as the next mission's two primary passengers land in French Guiana

Grasshopper Successfully Completes 80M Hover Slam

Musk: 'I'd like to die on Mars'

Ariane 5 vehicle for next ATV resupply mission in Kourou

ENERGY TECH
Distant planetary system is a super-sized solar system

Water signature in distant planet shows clues to its formation

The Great Exoplanet Debate

Earth-sized planets in habitable zones are more common than previously thought

ENERGY TECH
Mobile LIDAR technology expanding rapidly

First Laser Communication System Integrated, Ready for Launch

Earth will drown in garbage

Raytheon's dual-band datalink tested with Thales radar




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement