At a time when digitalisation and exposure to cyber attacks are growing at an unprecedented rate, ensuring effective cyber resilience is key to any business running its operations online.
To help the energy industry improve its resilience against cyber risk, the World Economic Forum has convened over 40 senior executives to establish a blueprint for evaluating cyber risk across the oil and gas industry. The report, “Cyber Resilience in the Oil and Gas Industry Playbook”, establishes a blueprint for boards and business leaders to evaluate cyber risk and enhance cyber resilience across the industry.
This white paper is the result of their in-depth discussions to illuminate the industry’s best practices and create new solutions for corporate leaders to address cyber risk. It presents six principles to help boards at oil and gas companies govern this risk and strengthen their organisation’s cyber resilience.
The six principles of cyber-resilience for the oil and gas industry:
- Cyber-resilience governance
- Resilience by design
- Corporate responsibility for cyber resilience
- Holistic risk management approach
- Ecosystem-wide collaboration
- Ecosystem-wide cyber-resilience plans
Basim Al-Ruwaii, Chief Information Security Officer at Aramco said, “As a founding partner of the WEF Centre for Cybersecurity, Aramco is proud to have collaborated with the World Economic Forum and business leaders from across the oil and gas sector to create this playbook, which aims to set the industry standard for improving cyber resilience. Establishing and aligning cybersecurity practices across the industry enhances our collective resilience efforts and allows us to present a united front against cybercrime and other critical security threats.”
This program is one of the WEF Center for Cybersecurity’s ongoing activities to shape the future of cybersecurity and digital trust. Aramco is a founding member of the center, which promotes global collaboration and leads global initiatives across various sectors within the cybersecurity industry.
