New cybersecurity requirements for oil and gas pipelines signal important changes to the regulatory landscape for midstream companies. A new security directive from the Transportation Security Administration, effective May 28, 2021, mandates immediate action and ongoing compliance protocols for certain energy companies. The security directive also raises many new questions that companies will need to consider in their response efforts and highlights the potential for increased regulation going forward. In particular, media reports indicate that the security directive is a precursor to additional regulations that will include financial penalties for companies that fail to address cybersecurity vulnerabilities.
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