Cybersecurity and the Fuel Delivery Industry

A cybersecurity breach can occur in seconds, and in that same amount of time, millions of dollars can be lost.

The latest episode of “Energy Matters” covers all things cybersecurity—from the protective resources fuel delivery companies use to the greatest risks posed by breaches.  

Read on and watch the full episode to hear Cargas Energy Product Marketer Farid Widjaya and SingularisIT’s Semon Dorgam and Larry Young discuss the implications of cyberattacks for the fuel delivery industry. Plus, learn how you can protect yourself, your team, and your customers from bad actors. 

What Causes a Cyberattack?

Bad actors—individuals and groups who conduct cyberattacks—gain access to business data in one of two ways: by brute-forcing into outdated software with existing vulnerabilities, or by tricking team members into creating a vulnerability (a strategy known as “phishing”).  

Once bad actors get into the system, they can access critical data and inject ransomware that locks the data behind demand for payment. IBM estimates that in 2024, the average cost of a data breach was almost $5 million dollars. As cyberattacks become more lucrative, these data ransoms will only increase.

Can I Prevent Cyber Attacks?

Software will always be in catch-up mode as developers skim the code for weak points with each new update and release. That means there will always be a breach risk, no matter how small. But don’t let this convince you that cybersecurity investments are useless. 

Cybersecurity experts can help fuel delivery companies mitigate the risk of a breach and bounce back from any issues that arise. For instance, automatic data backups can preserve virus-free data to combat ransomware attacks, while emergency updates can be quickly applied to ensure the system is as protected as can be.

The Top Three Tips for Fuel Delivery Cybersecurity