The increased use of digital technologies, cloud services and connected infrastructure has allowed oil and gas companies to increase efficiency and uptime, improve safety and reduce costs. However, it has also exposed the industry to heightened risk of cyberattacks.
Every year, the Ponemon Institute puts out its Cost of a Data Breach Report. The latest edition shows that the cost of a breach has risen 12 percent over the past five years and now totals $3.92 million on average.