Oil and Gas corporations targeted by hackers

A report by security firm McAfee has revealed some rather worrying trends in recent years of the increasing volume of cyber attacks that are occurring in the oil and gas sector. Through good old fashioned social engineering of passwords and pitiful security precautions, hackers have managed to gain access to industrial secrets which, if exposed, could prove very costly to those concerned.

McAfee's report goes on to reveal that the main targets relate to tendering contracts and details regarding oil exploration. Hackers start by targeting these companies' web servers. Then, it is just a matter of compromising the security controls using widely available tools and penetrating deep into the network to gain access to proprietary information.

Mcafee's Greg Day commented:

"The attacks used to break into all the networks were built around code and tools widely available on the net's underground. As such,they were not very sophisticated but that did not dent their effectiveness. The information stolen however was incredibly sensitive and would be worth a huge amount of money to competitors. What makes these attacks different is the very specific ongoing targeting of specific organisations with a very distinct purpose to what they were trying to achieve."

The attacks pose a very striking similarity to the stuxnet attacks which occurred against Iran in 2010, and follows a growing trend of organisations, governments and even private individuals leveraging the Internet's dark underbelly to further their own aims.

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15 Comments

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where is wikileaks now .. ?! I wish they would have some secret crap that would topple some industries .. I would be sooooo happy ..... Fack this stupid world and its corporations

Yes! How DARE corporations supply the economy with goods and services to satisfy the demand! What on Earth were they thinking?

C_Guy said,
Yes! How DARE corporations supply the economy with goods and services to satisfy the demand! What on Earth were they thinking?

The corporations have molded the world's economy to their own gains, if they don't there wouldn't be so much demand and hence, less profit for them.

C_Guy said,
Yes! How DARE corporations supply the economy with goods and services to satisfy the demand! What on Earth were they thinking?

They are not satisfying demand. These corporations can't thrive like they are unless demand is not satisfied.

C_Guy said,
Yes! How DARE corporations supply the economy with goods and services to satisfy the demand! What on Earth were they thinking?

(an example)
well, insurance companies make billions in revenue, lose more billions in bad investments then raise your insurance because they lost your money ....

to top it all off, when you need to be covered by the insurance, you claim and your insurance goes up because not only you have payed before, but because now you are a liability ... really .... why in the blue hell do you get the coverage in the first place?! .... seems redundant as you might have well ignore insurance save on your own and pay if indeed hit a snag

(second eg)
how Dare you pay more for the same internet as 5 years ago with nothing changed?! ... really? has technology and internet dried up like oil dependency that you need to pay 2$ a GB?! to surf pron and play WOW? being deprived of visual dancing arts performed by some random chick online while you write I love you for valentines day to you girlfriend?!

think not mate, think a little bit, the world is indeed at the mercy of companies, but that is because most of us are so ignorant that we choose not to care (the ones that do care are too few)

C_Guy said,
Then by all means hacking is OK. Two wrongs make a right. Also we wear hats on our feet and hamburgers eat people.


What in my comment made it sound like I said hacking was okay? All I said is that every little thing has a affect on gas prices.

presence06 said,
What in my comment made it sound like I said hacking was okay? All I said is that every little thing has a affect on gas prices.
Why on earth would hacking be not okay? Don't you want security to be improved for the betterment of technology? If you and the like are so worried about getting hacked, why the **** would people be posting their lives on Facebook, giving their mail and **** to the likes of Google, Microsoft, etc., and saving files on DropBox like crap online storage? Are you more worried about corporate information than your own personal information?


And why would this have any effect on gas prices? That is a ridiculous theory. There is zero correlation between gas prices and oil companies's computers getting hacked, since oil & gas companies are, for all intensive purposes, monopolies. They will charge the price they feel like so long as they keep the demand high. In fact, oil companies even strong arm other renewable sources of energy by buying out patents for battery based energy, which is a huge threat to their industry.

Edited by Jebadiah, Feb 11 2011, 8:11am :

Well, it is a prime target for anyone that wants to truly screw us over. If not our power grid or water supply, nail us at our gas stations and we're crippled.

Educated Idiot said,
Well, it is a prime target for anyone that wants to truly screw us over. If not our power grid or water supply, nail us at our gas stations and we're crippled.

At the very least it means those companies will pay more on security which means they will up the price of gas using this as an excuse.

LOL I am actually happy that they attacked the ****ing oil companies. I say, bring them all down. Hacking oil companies is not going to raise the oil prices. Stop kidding yourself.

Jebadiah said,
LOL I am actually happy that they attacked the ****ing oil companies. I say, bring them all down. Hacking oil companies is not going to raise the oil prices. Stop kidding yourself.

Please apply a bit of common sense here. Fact: Oil companies will use anything as an excuse to raise oil prices. Fact: Security costs some amount of money. Fact: Companies exist to make money and will use any excuse they can come up with to raise prices. If they can get away with saying, hackers have cost us x amount of dollars this year, as a result we have to raise prices, they will. Use some common sense.

ILikeTobacco said,

Please apply a bit of common sense here. Fact: Oil companies will use anything as an excuse to raise oil prices. Fact: Security costs some amount of money. Fact: Companies exist to make money and will use any excuse they can come up with to raise prices. If they can get away with saying, hackers have cost us x amount of dollars this year, as a result we have to raise prices, they will. Use some common sense.

You're just too naive to understand how the business works. Also, just because they "say" they raised oil prices because their computers got hacked *big laughter* would you believe that? That is the dumbest thing you could possibly do, if you think that's the truth.