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ARTICLE · 20 JUNE 2023

Changing Cybersecurity Expectations For US Oil & Gas Companies

Mayer Brown
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Cyber risks facing the oil and gas industry continue to grow. Legal requirements likewise are continuing to expand. The cybersecurity directives issued by the Transportation Safety Administration...

United StatesTechnology
Stephen Lilley
Stephen Lilley
Christopher Watts
Christopher Watts
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Cyber risks facing the oil and gas industry continue to grow. Legal requirements likewise are continuing to expand. The cybersecurity directives issued by the Transportation Safety Administration (TSA) in 2021 and 2022, for example, imposed new requirements upon certain oil and gas pipelines, including new incident reporting obligations and required vulnerability assessments.

The Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA) and the Securities and Exchange Commission's (SEC) proposed rule to require public companies to disclose material incidents within four business days promise further change. Moreover, the National Cybersecurity Strategy (Strategy) recently released by the Biden administration makes strengthening the cybersecurity of US critical infrastructure a top priority. Emphasizing an increase in government regulation and private-sector accountability to "rebalance" legal expectations for companies, the Biden administration's

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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