GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Fossil Fuel Industry Statistics

The fossil fuel industry is increasingly at risk of cyber attacks, with one report indicating that the industry's cyber incidents increased by over 200% in 2020.

Statistic 1

"For fossil fuel organisations, the average cost of a data breach is $5.4 million."

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Statistic 2

"70% of energy companies believe that a serious cyber attack could disrupt their operation within the next three years."

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Statistic 3

"The number of cyber attacks on the oil and gas industry doubled over a year, with an increase from 22% in 2017 to 41% in 2018."

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Statistic 4

"31% of Operational Technology (OT) cyber attacks in 2018 targeted the fossil fuel industry."

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Statistic 5

"1 in 2 companies in the oil and gas sector became a victim of cyber crime in 2016."

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Statistic 6

"66% of oil and gas companies experienced at least one significant security breach in the past year."

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Statistic 7

"By 2021, damage costs from cyber crimes are expected to reach $6 trillion annually, impacting fossil fuel industry as well."

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Statistic 8

"More than 3800 cyber security incidents were reported by energy firms to the Department of Homeland Security in 2016."

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Statistic 9

"Over 90 percent of oil and gas companies experienced a cyber incident in the past year."

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Statistic 10

"Nearly 60% of energy industry professionals lack confidence in their ability to detect a sophisticated cyber attack."

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Statistic 11

"The number of serious vulnerabilities found in SCADA systems used in oil and gas companies rose by almost a third in 2018."

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Statistic 12

"In 2016, 43% of cyber attacks targeting energy companies led to loss of confidential information."

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Statistic 13

"Only 35% of oil and gas organizations indicated they have operationalized threat intelligence within a 24 hour period."

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Statistic 14

"By 2018, 61% of companies in the energy sector have experienced cyber-espionage."

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Statistic 15

"Between 2014 and 2015, attempts to infiltrate the computer systems specifically of US gas compressor stations climbed from 2 to 16 million."

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Statistic 16

"Only 30% of energy companies believe they are mature in their cyber security capabilities."

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Statistic 17

"The fossil fuel industry is targeted by serious cyber attacks at a rate almost twice the average for all industries across the board."

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Statistic 18

"In 2020, fossil fuel companies were targeted in 43% of power and utilities sector cyber attacks."

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