Cyber security attacks cost an average of 1.7m each time, with oil and gas companies at high risk

Top Quote SMi's 5th annual Oil and Gas Cyber Security conference, taking place on the 30th November - 1st December 2015 in London, will feature case studies and project updates from organisations including SSE, DECC, National Grid, British Gas and more. End Quote
  • (1888PressRelease) October 20, 2015 - Almost 10% of companies in the UK are unaware they have been victim to cyber security attacks with incidents now costing an average of 1.7million each time an attack has occurred, according to a new report by PwC. The annual survey, which involved more than 10,000 executives from more than 127 countries, showed an escalation in the frequency, severity and impact of cyber attacks. Furthermore, Colin Slater, cyber security partner at PwC, has stated that the oil and gas sector was at particularly high risk from attack. But it was also found that firms are becoming more adept at prevention and detection methods with innovation also on the rise. Other findings in the report have shown a 38% increase in detected information security incidents and a 24% boost in security budgets in 2015.

    (Source: Energy Voice, 8 Oct 2015, "Cyber security attacks costing more than 1.7million, with oil and gas firms at risk")

    Against this backdrop, SMi's 5th annual Oil and Gas Cyber Security conference will feature case studies from an array of major energy companies who will detail efforts on how they are strengthening their own cyber security measures including SSE, National Grid, British Gas and more. The two-day programme will build on the success of the 2014 event and discuss recent efforts to bolster protection of highly valuable intellectual property and commercially sensitive information. Managing security of networks and wireless communication systems, as well as defending IT infrastructure from external virus attacks and internal compatibility threats is a top priority.

    Speaker Panel includes:
    Andy Powell, General Manager, CSC
    Martin Smith MBE, Chairman and Founder, The Security Company (International) Ltd and The Security Awareness Special Interest Group (SASIG)
    Dr Jules Pagna-Disso, Head of Research, Nettitude Ltd
    Graham Wright, Chief Information Security Officer & Head of Digital Risk, National Grid
    Deborah Petterson, Head of Energy Cyber Security, Department of Energy and Climate Change (DECC)
    Joe Dauncey, Head of Information Risk and Security, SSE
    Stephanie Daman, CEO, The Cyber Security Challenge
    Henry Carver, Assistant Director, CNI and Physical Cyber, UK Trade & Investment
    Chris Patten, Enterprise Architect, British Gas
    Duncan Page, Director of IT Risk Assurance, Cyber Security, Power and Utilities, PwC
    Thom Langford, CISO, Publicis Groupe

    To view the full speaker line-up, visit http://www.oilandgas-cybersecurity.co.uk/1888pressrelease

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