Aramco has launched a co-lead report on cyber resilience in the oil and gas industry with Siemens Energy, and the World Economic Forum (WEF). The report sets a framework for boards and business leaders to assess cyber risk and improve cyber resilience across the industry, according to Aramco’s press release.

The report was a result of collaboration involving over 40 senior executives from oil and gas industry to identify the best practices and the future of cyber resilience in the oil and gas industry. The report lays out six principles to help oil and gas companies enhance their cybersecurity strategies.

Basim Al-Ruwaii, Chief Information Security Officer at Aramco stated: “As a founding partner of the WEF Center for Cybersecurity, Aramco is proud to have collaborated with the World Economic Forum and business leaders from across the oil and gas sector to create this playbook, which aims to set the industry standard for improving cyber resilience.”

For his part, Georges de Moura, Head of Industry Solutions, Centre for Cybersecurity, World Economic Forum said: “The Oil & Gas industry has developed a strong track record of safety, resilience and security practices for physical threats and must integrate cyber risks into this culture. This playbook will help business leaders in the industry embrace a risk-informed cybersecurity approach to ensure a secure and resilient Oil & Gas ecosystem.”

Leo Simonovich, VP and Global Head, Industrial Cyber, Siemens Energy mentioned: “Digitization is empowering the oil and gas sector to become ever more efficient, resilient and reliable — but it also opened vast new vulnerabilities to cyberattack.”