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Published: 31 August 2021

Advancing Supply Chain Security in Oil and Gas: An Industry Analysis

Amid global supply shortages, the oil and gas industry, like many others, has increased its collaboration with third-party suppliers. This hyperconnectivity has increased the digital footprint of third parties and transformed business models quickly. However, as well as improving efficiency, such third-party expansion introduces significant cyber and operational risks. These risks may generate important consequences for an organization’s operations, reputation and, ultimately, its bottom line. This report is intended as a practical guide for cybersecurity leaders managing third-party cyber risks within oil and gas supply chains. It includes actionable guidance, methodologies and examples to improve the oversight of third-party risks and improve cyber resilience across the oil and gas business environment.

Amid global supply shortages, the oil and gas industry, like many others, has increased its collaboration with third-party suppliers. This hyperconnectivity has increased the digital footprint of third parties and transformed business models quickly. However, as well as improving efficiency, such third-party expansion introduces significant cyber and operational risks. These risks may generate important consequences for an organization’s operations, reputation and, ultimately, its bottom line. This report is intended as a practical guide for cybersecurity leaders managing third-party cyber risks within oil and gas supply chains. It includes actionable guidance, methodologies and examples to improve the oversight of third-party risks and improve cyber resilience across the oil and gas business environment.

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