Saudi Aramco CEO urges for closer collaboration on cybersecurity in the energy industry

Saudi Aramco established the Intelligence Sharing Consortium in the Energy Industry to defend against cybersecurity threats

Saudi Aramco’s president and CEO, Amin H Nasser, participating in the Global Cybersecurity Forum.
Saudi Aramco’s president and CEO, Amin H Nasser, participating in the Global Cybersecurity Forum.

Saudi Aramco’s president and CEO, Amin H Nasser, participated in the Global Cybersecurity Forum held under the patronage of The Custodian of the Two Hold Mosques, King Salman Bin Abdulaziz Al Saud, to highlight the constantly evolving threat of cyber-terrorism to governments, businesses, and individuals.

Taking place during Saudi Arabia’s G20 presidency year and organised for the first time by the National Cybersecurity Authority, the forum serves to create a platform for discussion between private and government institutions to create foundations for greater cyber resilience, capacity and management of the ever increasing threat landscape.

In his speech, Nasser urged greater efforts to enhance regional cybersecurity collaboration and international cyber-deterrence. Nasser proposed a more realistic and inclusive strategy to promote effective industry collaboration on cybersecurity, and encouraged businesses to work with governments and strengthen existing international frameworks.

Nasser stressed: “Aligning cybersecurity policy, collaborating on technology, and sharing information and experience beyond the fence, is non-negotiable,” noting that company fences and national boundaries are meaningless concepts in this domain. “To beat a network, we need to be a network.”

He said no institution can solely face cyber risks. It requires significant cooperation and partnership between all relevant stakeholders. It is therefore necessary to accelerate the development of a clear global framework that constitutes an international legal reference in cybersecurity governance and enhances measures against entities involved in cyber-terrorism.

Nasser shared Saudi Aramco’s achievement in building a cyber-resilient culture, saying: “Cybersecurity is one of the top corporate risks we address in our Enterprise Risk Management Program and is a personal priority for me.

He concluded his remarks by underscoring the importance of embracing “the wonders of the modern world,” while simultaneously practising caution and sound cybersecurity measures to stay a step ahead.

In efforts to collaboratively counter cyber threats, Saudi Aramco established an Intelligence Sharing Consortium in the Energy Industry, with partners such as SABIC and Sadara. Saudi Aramco is also a founding member of the World Economic Forum’s Center for Cybersecurity (WEF C4C) that promotes global collaboration and leads global initiatives across various sectors within the cybersecurity industry.

For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.

For all the latest refining and petrochemical news from the Middle East countries, follow us on Twitter and LinkedIn, like us on Facebook.

You may also like

The  28th Annual MPGC being held in Bahrain gathers steam
MPGC 2020 official opening to commence at 17:00 on 30 March, followed by MPGC 2020 Crystal Ball, trading keynotes sessions, and gala dinner to be hosted by Bapco
Regional plastic community re-affirms commitment to circular economy
GPCA PlastiCon will take place during 18-19 March at Park Hyatt Dubai and address the theme ‘Circular Economy: The New Engine for Value Creation’
Honeywell to demonstrate ‘Refinery of the Future’ concept at ME-TECH 2020 in Abu Dhabi
Capital investment strategy provides pathway to profitable modernisation
INEOS becomes principal partner to Mercedes-AMG Petronas Formula One team
INEOS extends existing performance partnership to become principal partner to Mercedes-AMG Petronas F1 Team as INEOS increases its position in sport