Half of oil and gas companies have no information security strategy in place

The survey of global IT executives also discovered that oil and gas companies still lag behind other industries in formulating approving, and executing information security policies, as well as getting buy-in from senior management.
"In oil and gas companies, awareness of appropriate security policies and best practices is still not good enough. They need to be better prepared to prevent and manage security breaches. This is not the time to reduce the budget for IT security and compliance", commented Roberta Bigliani, head of Europe, Middle East, and Africa IDC Energy Insights.