Energy companies are ramping up their defenses against cyber threats as these risks climb to the top of their priority lists.
A recent report reveals that nearly two-thirds of energy professionals (65%) now see cybersecurity as the biggest challenge facing their businesses. In response, over 70% of those surveyed expect their companies to boost spending on cybersecurity this year.
The Energy Cyber Priority report by DNV Cyber highlights encouraging progress.
According to the report, leadership awareness is on the rise, with 78% of professionals confident that their company leaders understand the dangers of cyberattacks.
Employee training is another success story, as 84% of workers say they know exactly what to do if they encounter a potential cyber threat.
Another area gaining attention is operational technology (OT) cybersecurity-systems that control physical assets like pipelines and power grids.
With 67% of respondents predicting increased OT security investments, it’s clear the energy sector is prioritizing these vital systems, however challenges still persist, the report says.
'As the energy industry shifts toward greener solutions, it relies heavily on digital technologies to power the transition. But this also means greater vulnerability to cyberattacks, from handling sensitive data to managing third-party tools. Hackers exploit these complexities to move stealthily across interconnected systems,' it noted.
Ditlev Engel, CEO of Energy Systems at DNV, said that cybersecurity must be at the heart of the energy transition.
'Digital technologies are vital to meeting climate goals and ensuring energy security. Yet, the growing reliance on these technologies also comes with risks, especially as geopolitics make the world increasingly unpredictable,' he said.
The study also flags a spike in worries about insiders with malicious intentions, jumping from 51% in 2023 to 62% this year.
Auke Huistra, Director of Industrial and OT Cybersecurity at DNV, warns that the battle against cyber threats is far from over.
'The energy industry is becoming more prepared, but we must constantly evolve to stay ahead of increasingly sophisticated adversaries. Cybercriminals are targeting supply chains, using AI, and even recruiting insiders. We can’t afford to fall behind,' he said.
Despite the risks, many in the energy sector are ready to embrace a level of cyber vulnerability in exchange for innovation. Nearly half of the professionals surveyed (49%) say that it’s a necessary trade-off.
By Murat Temizer
Anadolu Agency
energy@aa.com.tr