Striving to adapt to the lower-for-longer oil prices with cost cuts, oil companies put investment into boosting cybersecurity on the back burner during the worst of the oil price plunge in 2015 and 2016, while hackers grew increasingly inventive and bolder, security experts told the Houston Chronicle.
The projects to strengthen the networks and systems against cyber attacks did not receive the necessary attention and funding, and today most security teams are still short of staff or technology to effectively monitor and prevent cyber attacks, the experts said.
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Source: https://oilprice.com/
