The oil and gas market slump of 2015 brought extra pressure to bear on majors to reduce their breakeven barrel price. The quest for deeper efficiencies included a tidal shift toward digitalisation. According to Gaurav Sharma, vulnerable systems are in urgent need of upgrading and require constant protection at an estimated cost of $40 billion plus per annum. With existential external factors already putting the squeeze on investment, the growing prospect of cyberwars between rival companies is an unwelcome consequence of what was supposed to be a cost saving exercise. Meanwhile, tech giants and consultancies hear the tills ring out…
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