The energy sector is undergoing a seismic shift in its approach to cybersecurity, as new research highlights the escalating risks that companies face in an increasingly digital landscape. The Energy Cyber Priority report from DNV Cyber reveals that a striking 65% of energy professionals perceive cybersecurity as the most significant risk to their operations today. This sentiment is echoed by a robust commitment to bolster investments in cybersecurity, with 71% of respondents anticipating increased financial allocation toward this critical area in the coming year.
The report underscores a growing recognition among leadership regarding the importance of cybersecurity, with 78% of professionals expressing confidence that their executives comprehend the complexities of cyber risks. This awareness is crucial as the energy transition accelerates, driven by digital technologies that, while essential for progress, also expand the attack surface for potential cyber threats. The interconnectedness of systems, reliance on sensitive data, and dependence on third-party tools create a fertile ground for cybercriminals, making robust cybersecurity measures non-negotiable.
Training and preparedness are also on the rise within the sector. A remarkable 84% of employees feel equipped to respond to potential cyber threats, indicating that organizations are not only investing in technology but also in the human element of cybersecurity. This holistic approach is vital, as the human factor remains one of the most significant vulnerabilities in any cybersecurity strategy.
Operational technology (OT) cybersecurity is gaining traction, with 67% of professionals expecting increased investment in this area. As energy companies strive to secure the systems that manage and automate physical assets, the focus on OT security reflects an understanding that these systems are often the backbone of energy infrastructure. The report highlights that the energy transition, while necessary for climate goals, inherently brings cyber risks that must be managed carefully.
Ditlev Engel, CEO of energy systems at DNV, emphasizes the urgency of addressing these cybersecurity challenges, noting that the energy sector’s collaboration is critical to navigate the complexities of the transition. He asserts, “Cybersecurity should be a priority for all players in the energy sector to achieve the climate goals and guarantee energy security, as geopolitics make the world more hostile and uncertain.” This statement encapsulates the dual challenge of advancing energy transition goals while safeguarding against an evolving cyber threat landscape.
The research also reveals a growing concern among energy professionals regarding geopolitical tensions and their implications for cybersecurity. A striking 75% of respondents report an increased focus on cybersecurity due to these tensions, with 72% expressing worry about potential attacks from foreign powers. The rise in concern over cyber-criminal gangs and malicious insiders further underscores the need for heightened vigilance.
As the energy sector navigates these challenges, the acceptance of additional cyber risk as a trade-off for innovation is becoming a prevailing mindset, with nearly half of professionals advocating for this approach. This shift signals a transformative moment for the industry, where the balance between innovation and security is recalibrated. The implications of this research are profound, suggesting that as energy companies invest more in cybersecurity, they may also redefine their operational frameworks, fostering a culture of resilience that could ultimately fortify their missions in the face of adversity.
