Cyber-attacks NEWS

The systems have been on shut down since Monday and efforts are on to resolve the issue, OIL spokesperson Tridiv Hazarika said.

Italian oil services giant, Saipem yesterday reported a major cyber-attack on its servers. The Milan-headquartered firm assured of taking “impact assessment measures”. Saipem is currently in the process of reporting the attack to the concerned authorities. A spokeswoman for the firm said, “We are collecting all the elements useful for assessing the impact on our infrastructures and the actions to be taken to restore normal activities.

New Jersey-based Honeywell has revealed new cybersecurity consulting services, the Honeywell CyberVantage™ Security Consulting, which now includes Penetration Testing. CyberVantage aims at lowering the risk and possible impact of security incidents for organizations and improve their industrial cybersecurity maturity levels. The Penetration Testing service provides active “white-hat” hackers who take advantage of customer defenses in order to fix them.

The U.S. natural gas pipeline infrastructure is facing serious threats from cyber-attacks which raise prospects of tighter regulations. In the recent cyber-attacks, the electronic systems that were targeted help pipeline customers communicate their needs to the operators. The government realises the seriousness of the issue and is focusing on making web security a priority.

In an analysis, Bloomberg Intelligence has revealed that cyber-attacks pose a grave threat to the supply chains of oil and gas firms. Further, it can seriously affect the energy based economies like United Arab Emirates (UAE) and Saudi Arabia. The cyber-attacks on the promising economies of Gulf region are estimated to have a financial impact of more than $1 billion.