GITNUX MARKETDATA REPORT 2024
Cybersecurity In The Oil Industry Statistics
Cyber attacks have increased by 116% in the oil industry from 2019 to 2020, highlighting the growing importance of prioritizing cybersecurity measures in this sector.
With sources from: entrust.com, oilprice.com, learn.g2.com, cyware.com and many more
Sources
In this post, we uncover alarming statistics surrounding cybersecurity in the oil industry. From the high susceptibility of the Oil and Gas sector to cyber-attacks to the staggering financial losses incurred, the data paints a concerning picture. Organizations are facing a growing threat, with a significant number falling victim to phishing attempts and ransomware attacks. Stay tuned to learn more about the evolving landscape of cybersecurity in the oil industry.
Statistic 1
"43% of cyber-attacks are aimed at small businesses but only 14% are prepared to defend themselves."
Statistic 2
"The Oil and Gas industry is the second most susceptible to cyber-attacks impacting operational technology."
Statistic 3
"Cyber-attacks in oil and gas industry has resulted in losses around $1 billion total."
Statistic 4
"Over 60% of oil and gas sector organizations faced severe cyber attack in the past year (2020)."
Statistic 5
"68% of oil and gas companies have reported at least one security compromise in 2016."
Statistic 6
"Only 35% oil and gas companies deploy industrial cybersecurity across their enterprise to protect against cyberattacks."
Statistic 7
"Around 500 companies in the petrochemical industry faced a coordinated attack in 2014 that lasted for one month."
Statistic 8
"73% of businesses gather data on employee behavior but only 40% are using it to monitor and mitigate cyber threats."
Statistic 9
"32% of reported incidents in the oil and gas industry are related to phishing or spear-phishing."
Statistic 10
"Nearly 40% of all industrial cyber attacks are targeted to the Energy sector, which includes oil and gas."
Statistic 11
"Oil and gas operations are 300% more likely to encounter cyber-attacks than other sectors."
Statistic 12
"It is estimated that there was a 110% rise in ransomware attacks on the oil and gas industry since 2020."
Statistic 13
"41% of malware attacks on the energy sector were ransomware attacks."
Statistic 14
"Cybersecurity in the oil and gas industry was estimated to be $1.97 billion in 2020."
Statistic 15
"Oil and gas organizations experience an average of over 500,000 attempted cyber attacks every day."
Statistic 16
"70% of energy industry professionals are concerned about potential cyber attacks to their organization."
Interpretation
The statistics presented highlight the alarming vulnerability of the oil and gas industry to cyber-attacks, with a significant number of businesses ill-prepared to defend themselves. The sector faces mounting financial losses, operational disruptions, and data breaches due to the increasing frequency and sophistication of cyber threats, particularly ransomware attacks and phishing schemes. It is crucial for oil and gas companies to prioritize and invest in robust cybersecurity measures, including deploying industrial cybersecurity across their enterprise and leveraging data on employee behavior to proactively monitor and mitigate cyber risks. With the energy sector being a prime target for cyber criminals, organizations must address these vulnerabilities urgently to safeguard critical infrastructure and mitigate potential damages.
Jannik Lindner
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