Cyber Security

Cyber Attacks Fuel Spending in Oil and Gas Security: Report

“High-profile cyber-attacks will help drive growth in the oil and gas security and service market, which is estimated to grow from $26.3 billion in 2015 to $33.9 billion by 2020, according to a report from research firm MarketsandMarkets.

The market research firm defines oil and gas security as ‘the security process in which the oil and gas operational sectors, namely, upstream, midstream, and downstream are secured with the help of stringent physical and network security measures to ensure operational efficiency and minimize losses associated with security breaches.’”

Source: Cyber Attacks Fuel Spending in Oil and Gas Security: Report | SecurityWeek.Com

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