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Cybersecurity Implications in the US Chemical Industry

Cybersecurity Implications in the US Chemical Industry

Cybersecurity in the Chemical Industry: Key Takeaways, US, 2014

Although the overall cybersecurity has improved in the US chemical industry, approximately two out of three attacks are not discovered internally, but are reported by an external agency.

The annual budget spent on cybersecurity for smaller companies ranges from 􂀀 to 􂀀%, while the budget spent on larger companies ranges from 􂀀 to 􂀀%.

Regulatory compliance with government agencies is crucial and chemical companies take penalties seriously because of potential government investigations and fines.

In order to combat cyber attacks, it is necessary to ensure the privacy of company data and cybersecurity information sharing within the industry, as well as provide clarity and compliance about regulations.

About this report

As critical infrastructure industries move towards a more connected and integrated operating ecosystem, it becomes crucial for end users to focus on the expanding threat surface areas. This research service identifies the emerging trends and evolving business models for cybersecurity in the US chemical industry. It was developed based on a series of Frost & Sullivan-moderated online discussion boards with participants in the power, chemicals and petrochemicals, and oil and gas industries. The study examines the current state of cybersecurity preparedness, as well as best practices, unmet needs, and industry challenges in the chemical manufacturing and processing, storage, and transportation segments.

  • Executive Summary
    • Key Findings
    • Key Findings and Future Outlook
  • Research Scope, Objectives, Background, and Methodology
    • Research Scope
    • Research Aims and Objectives
    • Key Questions This Study Will Answer
    • Research Background
    • Research Methodology
    • Key Participant Groups Compared in This Study
  • Definitions and Segmentation
    • Product and End-user Segmentation
    • System Segmentation
    • End-user Segment Definitions
  • Market Overview
    • Current Status of Cybersecurity in the Chemical Industry
    • Key Areas of Vulnerability
    • Cybersecurity Pain Points in the Chemical Industry
    • Types of Threat Vectors in the Chemical Industry
  • Mega Trends and Industry Convergence Implications
    • Impact of Top Chemical Industry Mega Trends on the Cybersecurity Market
    • Influence of the Cloud
    • Remote Capabilities
    • Future Chemical Plants
    • Future Solutions-The Chemical Industry and the Internet of Things (IoT)
  • Technology Analysis
    • Factors Driving Cybersecurity Investments
    • Customer Perspective
    • Technology Perspective
    • Key Emerging Technologies
    • Security Intelligence
  • Chemical Manufacturing and Processing Segment Analysis
    • Cybersecurity in the Chemical Manufacturing and Processing Segment
    • Key Solutions
    • Chemical Manufacturing Digital Footprint
    • Key Priorities
  • Chemical Storage and Transportation Segments Analysis
    • Cybersecurity in the Chemical Storage and Transportation Segments
    • Key Solutions
    • Chemical Storage and Transportation Digital Footprints
    • Key Priorities
  • Regional Analysis-The United States
    • The United States-Key Findings
    • Evolving Cybersecurity Regulations in the Chemical Industry
  • Conclusions and Future Outlook-Cybersecurity in the Chemical Industry
    • Key Conclusions and Future Outlook
    • The Last Word-3 Big Predictions
  • Appendix
    • Abbreviations and Acronyms Used

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