211120

Crude Petroleum Extraction

Cyber Liability Insurance for NAICS 211120

CYB

Ranked reasons a business in NAICS 211120, Crude Petroleum Extraction, needs Cyber Liability coverage. Each reason is specific to how this industry actually loses money, and ends with the question to ask before the objection comes up.

  1. 01

    Wells and gathering systems are run by remote control.

    • Pumps, valves, and separators are operated by control systems over long distances.
    • Operators change setpoints and shut in wells without going to site.
    • Control taken by someone else means a release, a fire, or a lost well.
    ASK
    Are any of your wells or facilities operated by remote control systems?
  2. 02

    Federal energy security rules require reporting and documented controls.

    • Operators of designated facilities must report cyber incidents and hold security plans.
    • Regulators expect evidence of controls, not intentions.
    • Findings can restrict how the facility operates.
    ASK
    Which of your facilities fall under federal pipeline or energy security requirements?
  3. 03

    Seismic and reservoir data is the value of the company.

    • Surveys, well logs, and reservoir models cost millions to acquire.
    • That data establishes where the oil is and what leases are worth.
    • Once copied it cannot be made secret again.
    ASK
    Where is your seismic and reservoir data stored, and who can access it?

1–8 policy ← → move ESC home