The cost of advanced security technologies, the lack of resources for managing security, compliance and operations, and low spending on cyber security threaten market prospects.
"Suppliers of security systems should aim at designing an integrated security solution that proactively identifies, assesses and mitigates risks and threats originating from within the facility as well as from well beyond it," advised Sharma. "On their part, oil and gas companies and operators of critical oil and gas facilities need to do a threat and risk assessment of their facility to ensure there is no over spending or under spending on security-related matters."
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