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Outside the (Black) Box: Protecting Core Operations in Energy

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Outside the (Black) Box: Protecting Core Operations in Energy

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In a recent survey, Accenture Security learned that a majority of oil and gas company leaders, 74 percent, said their organization is confident that cybersecurity measures will yield valuable results. And yet, 60 percent of respondents said that cyber attacks are still a bit of a black box. If they are to protect their core operations from increasing cybersecurity threats, oil and gas companies must realign their cybersecurity strategies, particularly when it comes to industrial control system and operational technology environments.

In a recent survey, Accenture Security learned that a majority of oil and gas company leaders, 74 percent, said their organization is confident that cybersecurity measures will yield valuable results. And yet, 60 percent of respondents said that cyber attacks are still a bit of a black box. If they are to protect their core operations from increasing cybersecurity threats, oil and gas companies must realign their cybersecurity strategies, particularly when it comes to industrial control system and operational technology environments.

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Outside the (Black) Box: Protecting Core Operations in Energy

  1. 1. ACCENTURE HIGH PERFORMANCE SECURITY REPORT 2016 FOR ENERGY
  2. 2. Copyright © 2017 Accenture. All Rights Reserved. Energy Industry 2 SECURE THE ENTERPRISE of large enterprise security executives have confidence in their cyber security strategies of organizations have completely embedded cybersecurity into their cultures
  3. 3. Copyright © 2017 Accenture. All Rights Reserved. Energy Industry 3 FAILURE RATES ARE ALARMINGLY HIGH THOUSANDS to MILLIONS of random breach attempts per week NEARLY 96 focused attacks per year; of those, 1 IN 3 result in a security breach That’s 2 TO 3 effective attacks per month Internal breaches are PARTICULARLY PROBLEMATIC 43% say greatest security impact comes from malicious insiders Yet 70% LACK CONFIDENCE in their organizations’ internal monitoring Many security breaches go undetected FOR TOO LONG Detecting a breach takes months for 51% of COMPANIES Internal security teams discover only 62% of EFFECTIVE BREACHES
  4. 4. Copyright © 2017 Accenture. All Rights Reserved. Energy Industry 4 PROTECT WHAT THEY DON’T UNDERSTAND WHEN…? of energy executives view cyberattacks as a ‘bit of a black box,’ meaning that they don’t understand their timing and impacts of executives feel confident in their ability to identify high-value digital assets and business processes in their organization
  5. 5. Copyright © 2017 Accenture. All Rights Reserved. Energy Industry FOCUS FOR SUCCESS  Have we identified all priority business data assets and their locations?  Can we defend the company from a motivated adversary?  What are the potential ramifications of a successful cyberattack in terms of environmental, health, safety and productivity?  Do we have the tools and techniques to react and respond to a targeted attack?  Do we know what adversaries really want and what we want to protect?  Where should we make our cybersecurity investments based on potential risk?  How often do we ‘practice’ our plan to improve our responsiveness?  Are we using the data and other outputs from our cybersecurity strategy to improve our program over time?
  6. 6. Copyright © 2017 Accenture. All Rights Reserved. Energy Industry 6 AND OUTMANEUVER 27% of oil and gas respondents have confidence in their cybersecurity capabilities regarding any of the seven key domains below, but investment in these areas is critical to improving defenses and strengthening resilience.
  7. 7. Copyright © 2017 Accenture. All Rights Reserved. Energy Industry 7 CYBERSECURITY APPROACH PRESSURE TEST SECURITY CAPABILITIES by engaging “white hat” external hackers to simulate attacks MAKE SECURITY EVERYONE’S JOB by fostering a culture of cybersecurity & prioritizing training of all employees PROTECT FROM THE INSIDE OUT by prioritizing protection of organization’s key assets LEAD FROM THE TOP by materially engaging with enterprise leadership & improving the board’s cyber literacy INVEST TO INNOVATE AND OUTMANEUVER, continually innovating to stay ahead of attackers GROW CONFIDENTLY by keeping security connected to the bottom line and to real business needs
  8. 8. Copyright © 2017 Accenture. All Rights Reserved. Energy Industry 8 HIGH PERFORMANCE SECURITY RESEARCH 2016 The survey objective was to understand the extent to which companies prioritize security, how comprehensive security plans are, how resilient companies are with regard to security, and the level of spend for security. The survey aimed to measure security capabilities across seven cybersecurity strategy domains identified by Accenture: business alignment, cyber response readiness, strategic threat intelligence, cyber resilience, investment efficiency, governance and leadership, and the extended ecosystem. More than 50 percent of respondents were key decision-makers in cybersecurity strategy and spending, including security, IT and business executives at director level and above at companies with revenues of US $1 billion or more. In 2016 Accenture surveyed 2,000 executives from 12 industries and 15 countries globally, including 186 executives from the Energy industry.
  9. 9. Copyright © 2017 Accenture. All Rights Reserved. Energy Industry 9 @AccentureEnergy #CyberSecurity @AccentureSecure THANK YOU accenture.com/energycybersecurityreport

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