Cyber Threats and Development in Politics

Cyber ThreatsShell Oil and Gas Company is quickly putting in place new technologies and digitizing old systems to make their business more productive and profitable. This makes the Shell Company vulnerable to cyber-threats that try to stop operations, destroy intellectual property, steal owners’ information about staff, extort money, etc. (Lu et al. 2019, p.1208). The Shell Company must develop ways to manage cybersecurity risks to protect itself from cyber threats.The Shell Company should keep evaluating and improving its cyber security. Cybersecurity features should be built into their IT systems to make hackers less likely to be successful. Detection and protection technologies should keep the IT safe (Lu et al. 2019, p.1208). Identification and evaluation tools are built into their IT support processes and follow best practices in the industry.Development in PoliticsPolitics, rules, and regulations influence Shell’s operations. Changes in trade compliance regulations, price controls, local content requirements, foreign exchange controls, environmental regulations, how regulations are interpreted and enforced, and how regulations are interpreted and enforced are all possible effects. Like Russia’s recent invasion of Ukraine, inter-state conflicts can harm Shell’s operations (Shell Annual Report 2021, p.26).The Shell Company should monitor global geopolitical and socioeconomic issues. The company’s Legal and Tax functions should be worldwide, assisting business lines following local laws and tax requirements. Their Corporate Relations department should work with local governments to modify local policies and promote Shell’s views on their business topics. Shell is ready to leave a country if it cannot legally conduct business (Shell Annual Report 2021, p.26).Health, Safety, Security, and Environmental (HSSE) ThreatsGiven Shell’s geographical diversity, functional diversity, and technical complexity, the health, safety, security, and environmental (HSSE) threats to Shell employees and communities may be diverse. These dangers include natural disasters (including weather-related occurrences), earthquakes, societal unrest, and pandemic infections. Extinction, hydrocarbon leaks, spills, and business disruptions are possible outcomes if a major risk such as an explosion or hydrocarbon leak occurs. As a result, this could negatively affect their earnings, cash flow, and financial situation (Shell Annual Report 2021, p.25).The Shell Company should have guidelines and a clear governance framework to handle HSSE risks. They also help the company develop mitigation strategies so that if an HSSE risk arises, it can avoid catastrophic consequences and try to remediate any environmental damage. Company Health, Safety, Security, Environment, and Social Performance standards and governance structure (HSSE