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ARTICLE · 04 OCTOBER 2019

Cybersecurity Considerations In Oil And Gas Transactions

Skadden, Arps, Slate, Meagher & Flom LLP
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One of the foremost threats companies face today is that posed by cybercriminals, and the unique vulnerabilities of companies in the oil and gas sector create

United KingdomTechnology
Eric Otness
Eric Otness
William Ridgway
William Ridgway
Daniel Scime
Daniel Scime

One of the foremost threats companies face today is that posed by cybercriminals, and the unique vulnerabilities of companies in the oil and gas sector create heightened cybersecurity risks for those pursing transactions in the sector. A 2019 study by KPMG found that oil and gas CEOs rank cybersecurity as the largest threat to their organizations’ growth. Over half of CEOs in the sector believe that their organization will at some point fall victim to a cyberattack.

While there is growing recognition that cybersecurity is a key risk factor in mergers and acquisitions generally, executives and directors contemplating an acquisition in the oil and gas sector need to be aware of the unique cybersecurity challenges within the industry in order to properly assess transaction risks and value target companies.

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