The Colonial Pipeline incident in May 2021 underscored the susceptibility of the energy industry’s critical infrastructure to debilitating ransomware attacks and hacking attempts. The event highlighted the need for energy companies to continually evaluate cybersecurity measures. It also caused the government to implement additional compliance obligations for the industry. This presentation will discuss the steps businesses should take to prepare for the possibility of ransomware/hacking, best practices for thwarting these attempts, and required compliance measures. The presentation also will address vital cyber insurance and incident response considerations, which energy companies need to evaluate fully when assessing cybersecurity preparedness.