Former Homeland Security Department Director Michael Chertoff told oil and gas industry executives gathered in Houston that it no longer takes an army to fight a war as the top threat their businesses face in the future is not from physical risks, but cyber attacks. Chertoff’s remarks focused on the increasing threat of cyber security in general and its potential impact on the critical infrastructure of energy companies specifically.
Chertoff addressed about 25 oil and gas industry executives, representing many of the industry’s leading companies, at an exclusive Executive Upstream Innovation and Technology Summit, which was held in conjunction with the IHS Forum in partnership with Honeywell. The twice-yearly IHS forum features in-depth sessions on macroeconomics, energy, chemicals and construction, among others.
Following Chertoff’s opening remarks, the senior executives held private discussions about the challenges of cyber security and industry best practices. Topics included cyber attacks, threat actors, attack vectors, insider threats, cyber impersonators, cyber espionage and approaches to improve security.