Protecting Facilities – Global Economy, Global Impact.
Recent incidents in Saudi Arabia have brought world attention to protecting facilities from the use of drones, albeit the military UAV type in this instance that we’d argue needs to be distinguished from the now more common commercial drone, but that’s a topic for a different discussion. The incidents also highlighted in dramatic fashion their ability to damage and disrupt at a local level yet cause impact on a global scale.
Worrying trend or passing fad?
Numerous statistics and studies suggest that the use of commercial drones is set to continue to increase as their obvious positive benefits enable organisations to operate more effectively. Countries around the world have taken various legislation directions in an attempt to apply the breaks to non-commercial/amateur/hobbyist use. The introduction of registration, bans, licences etc have been applied although the impact of these on sales of Commercial Off The Shelf (COTS) drones has yet to be seen, and we predict they will need to be amended as the positive benefits of the technology begin to far outweigh the concerns.
Just what are the impacts?
The Gatwick Airport incident just prior to Christmas 2018 was an early warning, over the course of just a few days the cancelled flights represented a staggering 600% increase in reported airport cancellations from the same figure for the whole of December 2017. This equated in monetary value to well in excess of £50m in in lost revenue and costs to airlines etc. Future incidents are likely to be much more if compensation amounts paid to passengers are to be triggered by a drone incident.
Whilst undoubtedly the incident at Gatwick had knock on effects on other global flights, the impact pales in comparison to the events in Saudi Arabia. With reported disruption to Aramco to be at 5.7m barrels of oil a day, with a market value of around $360m (Based on $63/barrel as of 19/09/19), the knock on impacts broke through the $billion mark. The company had reported that roughly 2.3m barrels of production had been restored by the following Tuesday, four days after the attack, with the outage still costing $215m daily. And that is just for the state run organisation.
Next take into consideration the impact on oil prices. The impact of the drone strike was reflected in a 15% increase in the price of oil on world markets. That is a massive market adjustment based on such an event.
The Incident has also had further impact on a National level with the debt rating for Saudi Arabia moving from A+ to A by the Fitch rating agency, thus having a big impact on the country’s borrowing costs.
Whilst this situation may not be faced by all organisations and countries, it does draw attention to the direct and indirect impacts an incident of this kind can have, and the potential reach of those impacts on a local, national and international level. This is something all organisations face that carry a risk of damage/disruption by drones.
What can be done
Numerous solutions are available on the market for drone countermeasures, however knowing your exposure to the risk of such an incident, the direct and indirect impacts, will help guide you to a suitable solution. An assessment of your risk profile by security and drone experts will provide you with a firm set of requirements with which to help you navigate through the various solutions available and find the right one for you.
If you would like to know more about how Drone Defence may help support your organisation get prepared please get in touch on 0843 289 2805 or email firstname.lastname@example.org.
Drone Defence – There is a better way.