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International

Cyber attacks likely to cost Gulf energy industry more than $1 billion: Report

March 27, 2018 Reprints

A report by Germany-based Siemens A.G. found that cyber attacks are likely to cost the energy industry in the Gulf region more than $1 billion in 2017, Arabianbusiness.com reported citing The New York Times. Analysis by Bloomberg Intelligence found that cyber attacks pose a significant threat to oil and gas companies' supply chains in the region.

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Cyber attacks likely to cost Gulf energy industry more than $1 billion: Report

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