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18 October 2017Insurance

Speaking cyber cover to power

Nearly 70 percent of oil and gas companies have recently experienced a cyber incident, according to a 2017 study by Ponemon/Siemens. Coordinated attacks, such as the hack on companies that supply power to the US power grid in early September, or the one in Norway that targeted 300 oil and gas producers in 2014, underscore the growing risk.

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