Given this emerging reality, energy companies should consider several practical tips to help prepare for and combat this persistent and growing threat.
First, it is important to remember that hope is not a plan; instead, companies should methodically plan for how to avoid a breach as well as what to do if a breach occurs. Typically, the worst case scenario is not the breach itself, as bad as a breach may be, but rather the compound problems that occur when breaches are poorly handled because they were poorly prepared for, including from a litigation, regulatory and reputational perspective.
By Michael Bahar, Mark Thibodeaux, Daniel E. Frank & Allison E. Speaker
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