UK: energy businesses to be fined heavily for cyber security failings
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
The UK government has announced that businesses providing essential services like energy and transport could be fined as much as £17 million or 4% of global turnover for failing to have effective cyber security measures in place.
Critical infrastructure firms will also be required to show they have a strategy to cover power failures and environmental disasters.
Edgard Capdevielle, CEO at Nozomi Networks, commented:
“All networks and devices in organisations that provide water, energy, transport or other essential services need to be secured. This shouldn’t come out from fear of paying huge fines, but should be embedded in organisations’ culture as means of preventing and mitigating cyberattacks and operational incidents, which might put human safety at risk. It is crucial for organisations to ensure that multiple levels of protection are in place – from securing the network itself to monitoring it in real time for anomalies that could indicate a cyber threat is present. Fortunately, technological advances in ICS cybersecurity, such as the application of machine learning and artificial intelligence, are creating tools to aid critical infrastructure and utility operators.”
Read the article online at: https://www.worldpipelines.com/business-news/10082017/uk-energy-businesses-to-be-fined-heavily-for-cyber-security-failings/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Construction begins on Greensand’s carbon dioxide transit terminal at Port Esbjerg
When the tanks are full, the liquefied carbon dioxide will be loaded onto a dedicated carrier from Royal Wagenborg and shipped to the INEOS Nini platform in the Danish North Sea. From there, it will be safely injected via pipeline into subsurface reservoirs approximately 1800 m beneath the seabed for permanent storage.
