Saudi Aramco calls for closer collaboration on cybersecurity in the energy industry

CEO Amin Nasser Cybersecurity Forum photo 1Amin H. Nasser, Saudi Aramco’s president and CEO, has participated in the Global Cybersecurity Forum 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. He 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.

He 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.

“Cybersecurity is one of the top corporate risks we address in our Enterprise Risk Management Programme and is a personal priority for me,” he added.

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

In efforts to collaboratively counter cyber threats, Saudi Aramco has 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 Centre for Cybersecurity (WEF C4C) that promotes global collaboration and leads global initiatives across various sectors within the cybersecurity industry.

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