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Cyber Health
What You Need to Know about Recent Industrial Cybersecurity
What You Need to Know about Recent Industrial Cybersecurity
Published on
April 10, 2024
Recent findings reveal a stark reminder of the ever-present cyber threats in the industrial sector. A survey by Palo Alto Networks has shown that out of nearly 2,000 industrial organizations, spanning across 16 countries, a significant 25% experienced operational technology (OT) shutdowns due to cyberattacks within the last year (SecurityWeek) (OODA Loop).
The survey's alarming statistics indicate that malicious cyber activity was detected in the OT environment of 75% of respondents. These attacks are not only becoming more frequent, with some organizations facing them multiple times a day, but they also have grave financial repercussions including lost revenue, remediation costs, and potential long-term damages such as reputational impact and increased insurance premiums (SecurityWeek).
The infiltration often occurs through IT systems, yet 28% of attacks reportedly started in OT environments. This has put OT cybersecurity at the forefront, with over 60% of organizations recognizing the need for protective measures and more than half planning to increase their cybersecurity budget in the forthcoming two years (OODA Loop).
However, the path to robust cybersecurity is not without challenges. A notable tension exists between IT and OT teams, with only 43% of survey participants describing their relationship as coordinated or constructive. The divide suggests a need for better integration and communication between these departments to strengthen the cyber resilience of organizations (SecurityWeek).
Moreover, the survey highlighted a dual perspective on AI in cybersecurity; while AI-enabled attacks are viewed as a critical threat, AI-based security solutions are also seen as essential tools for detecting and thwarting such attacks. This presents a dichotomy in the adoption of AI, balancing its benefits against potential risks (OODA Loop).
Full link to the article: https://www.securityweek.com/1-in-4-organizations-shut-down-ot-operations-due-to-cyberattacks-survey/
Full link to the survey results: https://www.paloaltonetworks.com/content/dam/pan/en_US/assets/pdf/reports/state-of-ot-security-report-2024.pdf