Big Data. Industry players are relying on large sets of data collected across the field to make decisions. They’re not looking at daily price points alone in the market place, or at monthly and quarterly business performance. They’re evaluating comprehensive amounts of data over time, and some in real time as it is collected and distributed.
Which leads to an Aha! moment. The fastest entrant to market with the most complete and reliable data has a competitive advantage. But what if the fastest to market snatches others’ production data, faster than the data’s producer can use it when marketing their product?
One might ask who would hack fossil fuel companies’ data. The most obvious, logical answers are:
— anti-fossil fuel hackers cutting into production;
— retaliatory nation-state agents conducting cyber warfare;
— criminals looking for cash; and
— more benign scrip kiddies defacing property for fun.
But what if the hackers are none of the above? What if the hackers are other competitors (who by coincidence may be state-owned businesses) seeking information about the market ahead?
What would that look like? We’re talking really big money, impacting entire nation-state economies by breach-culled data. The kind of money that can buy governments’ silence and cooperation. Would it look as obvious as Nation A breaking the digital lock on Company B’s oil production? Or would it look far more subtle, far more deniable? Read more