Oil and gas companies falling victim to cyberattacks

Information technology-based cyberattacks are being used to disrupt oil and gas companies or hold them to ransom, while subversion of legitimate software allows criminals to steal from and defraud them, says global cybersecurity firm Kaspersky Lab Critical Infrastructure Protection business development head Andrey Suvorov. Cyberthreats have risen to become one of the top three risks to industrial companies. A disruption at an oil and gas production site caused by a cyberattack can cost hundreds of thousands of dollars a day and can last for several days before operations are restored.