The ER&I sectors are subject to extreme change due to global climate objectives. Will there be room for cyber security in an era of rapid green transformation?

Nowadays, ER&I businesses are being pushed to carry out an unprecedented transformation for the sake of sustainability. New technologies must constantly be developed and put into use in order to limit emissions and comply with regulations. Nonetheless, responses from the survey shows that for many ER&I businesses, the technology related to climate transformation is not considered to be relevant to the cyber security agenda.

What does the survey show?

In general, the surveyed businesses remark that climate transformation and cyber security do not go hand in hand. The two fields appear to be completely separated, which becomes clear when we look at the businesses who are currently doing climate transformations – only around half of them says that they are taking cyber security into consideration in this process. This way of thinking also seems to be reflected in the dominant approach to security by design in which 53% of businesses do not take cyber security into account before the development phase.

Q: Think about last time your company developed a digital solution (e.g. website, digital product, booking system, app etc.). When in the development process was cyber security taken into account?

Deloitte's perspective

There is nearly a 50/50 split between businesses that adhere to security by design and businesses that do not. This indicates that there is still a long way to go before all products are secure from the get-go.

The climate transformation urges industrial energy companies all over the world to invent new technologies and implement them at record speed. But when creating a new product, it is important to build security into its foundation. Most green technologies are tied to the Internet in some way or another. In order to reduce the carbon footprint, systems must be modernised and digitalised. This makes them more efficient but also vulnerable to attacks.

If these technologies are not secure by design, the efficiency of any later security measures cannot be guaranteed, rendering the technology detrimental to both security and climate transformation. Therefore, security by design is crucial to the development of all new technologies. Simply put, security by design needs to permeate the whole organisation and especially the agenda of climate transformation.

The bigger picture

Security by design
On the surface, climate transformation has nothing to do with security. But dig a little deeper and you discover that it has profound implications indeed. The new technologies required for climate transformation will change both how businesses work and how they use technology. Security by design must be applied in order to prevent climate transformation becoming an excuse for greater vulnerability.

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Serdar Cabuk

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Kim Schlyter

Partner

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