Cyber attacks are ramping up, and the latest victim is
Saudi Aramco
The world’s biggest oil producer confirmed this week that some files were leaked and hackers reportedly demanded a $50 million ransom. The attack did not impact operations and was not due to a breach of company systems, Aramco said in an email.
The energy industry has seen an increase in cyber attacks of late, the most striking example coming in May when hackers forced the shutdown of the Colonial Pipeline system, a critical source of oil supply for the eastern U.S. President Joe Biden plans to meet private sector leaders next month to discuss strategies with which to confront the threat.
Israel’s Prime Minister Naftali Bennett urged other nations to join his in building an international platform for defusing cyber attacks.
“Everything is under attack; our water, our electricity, our food, our cars,” Bennett said. “Why? Because it is easy and has never been easier.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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