There are over a million oil and gas wells in the United States. There are also several hundred thousand miles of pipelines. Digitization is on the rise in the notoriously conservative oil and gas industry as companies wake up to the cost and operational efficiency boost that sensors and algorithms can offer them. Meanwhile, cybercriminals are keeping ahead of the learning curve, but oil and gas is largely pretending not to notice them. Energy companies—including E&Ps, pipeline operators, and utilities—spend less than 0.2 percent of their revenues on cybersecurity, two security consulting firms have calculated . This compares with three times this portion of revenues spent on cybersecurity by financial services providers and banks. True, banks and their likes deal directly with people’s money, so it would make sense to be extra careful. Also, the financial services industry has been under growing pressure from alternative service providers, so it […]