Eskenzi PR ad banner Eskenzi PR ad banner
  • About Us
Thursday, 4 June, 2026
IT Security Guru
Eskenzi PR banner
  • Home
  • Features
  • Insight
  • Channel News
  • Events
    • Most Inspiring Women in Cyber 2026
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
  • Home
  • Features
  • Insight
  • Channel News
  • Events
    • Most Inspiring Women in Cyber 2026
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
IT Security Guru
No Result
View All Result

Business Risk Profile: The Oil and Natural Gas Sector

by The Gurus
August 9, 2017
in This Week's Gurus
cyber risk
Share on FacebookShare on Twitter

Few threats expose the true interdependency of cyber and physical security more than those targeting the oil and natural gas (ONG) sector. After all, oil and natural gas together account for 53 percent of the world’s energy consumption and remain integral determinants of both global trade and the economy. Safeguarding these resources and the systems on which they rely is crucial, especially given the uptick in incidents posing substantial cyber and physical risks to critical infrastructure.
However, addressing and mitigating threats to the ONG sector can be very challenging in part due to one particular factor: threat actors targeting ONG companies tend to be quite complex. Given that many security and intelligence professionals have been conditioned to combat threats posed by financially-motivated fraudsters and cybercriminals, they may not be fully-prepared to defend ONG companies from the myriad of threats posed by other types of malicious cyber and physical actors.
As such, it’s crucial for security and intelligence teams across the ONG sector to become as well-acquainted as possible with the following actor groups:
State-Sponsored Actors
State-sponsored actors have become widely-recognised as capable of deploying sophisticated and damaging threats across all sectors — especially the ONG sector. Such actors often seek to cause widespread damage, disrupt operations, and gain a competitive political and/or military advantage. Historically, state-sponsored actors have targeted ONG industrial control systems, attacked various regional entities, and sought access to confidential data in support of military initiatives. Following the 2012 attack on Saudi Aramco’s cyber infrastructure, nearly 75 percent of the company’s data was lost and operations disrupted for months. The attack was attributed to Iranian hackers carrying out reprisal attacks on Saudi Arabia as a result of its foreign affairs agenda in the Middle East.
Jihadists
For many terrorist groups, oil is a lifeblood. Funding derived from the theft and illicit sale of oil enables these groups to conduct malicious activities and further their agendas. ISIS in particular has been known to target oil pipelines throughout Syria and Iraq for adversarial and ideological gain. Compromising energy infrastructure enables jihadists to potentially disrupt a target country’s economy, which remains a high-priority for ISIS and its affiliates. Given that many ONG companies maintain operations in regions prone to jihadist activity, they may serve as highly-desirable — and accessible — targets for various terrorist groups.
Activists
The ONG sector’s entanglement in complex geopolitical and environmental issues tends to fuel the agendas of activists. These actors’ activities typically revolve around physical protects and demonstrations, online petitions, social media campaigns, and legal filings. Many direct-action protesters have historically been known to attempt to physically block the construction of oil and gas pipelines. While such actors tend to be far less sophisticated than their state-sponsored counterparts, they do pose a threat both to the operational continuity and brand reputations of ONG companies.
Hacktivists
Hacktivist groups are similar to activists in that they tend to be less-sophisticated yet disruptive and driven by issue-centric agendas. But unlike activists, whose disruption stems largely from their physical presence, hacktivists primarily leverage the internet and cyber attack methods to target ONG companies.
Many hacktivist groups have been known to launch large-scale DDoS attacks against these companies’ websites and digital systems. Online defacements and malicious social media campaigns have also occurred and caused substantial reputational damages for the afflicted companies. As many hacktivist groups — especially those based in non-Western nations — continue to recruit supporters and advance their capabilities, ONG companies need to recognise that the nature and locations of their operations are often sufficient to fuel hacktivists’ agendas.
Above all else, it’s crucial to recognise what many state-sponsored actors, jihadists, activists, and hacktivists have in common: they seek to disrupt the operational continuity of the ONG sector, and, more importantly, their malicious activities are often planned and discussed within the confines of the Deep & Dark Web. As such, combatting threats to the ONG sector requires substantial subject matter expertise, advanced cultural and linguistic knowledge, and comprehensive visibility in these difficult-to-access regions of the internet.
Written by Josh Lefkowitz, CEO at Flashpoint

Tags: cybersecuritysecuritytechThreats
ShareTweet
Previous Post

NotBeingPetya: UK critical infrastructure firms face huge fines for lax security

Next Post

From zero-day exploits to rampant ‘ransomware’: how advanced targeted attacks evolved in Q2, 2017

Recent News

Nagomi Control Brings CTEM Into Action

IT Security Guru picks for Infosecurity Europe 2026

June 1, 2026
Nine in Ten Security Leaders Concerned About AI-Generated Code Risks as Salt Security Launches New Governance Tool

Nine in Ten Security Leaders Concerned About AI-Generated Code Risks as Salt Security Launches New Governance Tool

June 1, 2026
Acumen Cyber and AttackIQ Partner to Strengthen Cyber Defense Validation

Acumen Cyber and AttackIQ Partner to Strengthen Cyber Defense Validation

May 29, 2026
Check Point Launches AI Agents That Think Like Attackers as Autonomous Exploitation Reaches Critical Threat Level

Check Point Launches AI Agents That Think Like Attackers as Autonomous Exploitation Reaches Critical Threat Level

May 28, 2026

The IT Security Guru offers a daily news digest of all the best breaking IT security news stories first thing in the morning! Rather than you having to trawl through all the news feeds to find out what’s cooking, you can quickly get everything you need from this site!

Our Address: 10 London Mews, London, W2 1HY

Follow Us

© 2015 - 2024 IT Security Guru - Website Managed by Dessol

  • About Us
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
No Result
View All Result
  • Home
  • Features
  • Insight
  • Channel News
  • Events
    • Most Inspiring Women in Cyber 2026
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us

© 2015 - 2024 IT Security Guru - Website Managed by Dessol