OTORIO's Midyear Report Reveals Alarming Trends and Proactive Strategies in OT-IoT-CPS Security
July 22 2024 - 8:30AM
UK Regulatory
OTORIO's Midyear Report Reveals Alarming Trends and Proactive
Strategies in OT-IoT-CPS Security
New Survey Highlights Rising Ransomware Threats,
Proactive Security Shifts, and Critical Insurance Gaps
Tel Aviv, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- As the
cybersecurity landscape continues to evolve, OTORIO has released
its latest survey report, revealing critical insights into the
state of OT (Operational Technology), IoT (Internet of Things), and
CPS (Cyber-Physical Systems) security. Titled "Midyear OT-IoT-CPS
Cybersecurity CISO Report," the survey examines current trends,
challenges, and strategies adopted by industry leaders to safeguard
critical infrastructure from cyber threats.
Key Findings Include:
Significant Disruption from Cyber Attacks: A
staggering 88% of security leaders report experiencing moderate to
severe disruption in their business operations due to cyber attacks
over the past year.
Rise in Ransomware Attacks Targeting OT
Environments: Highlighting a growing trend, 40% of
ransomware attacks lacked an IT component, underscoring the direct
risk to OT environments.
Shift Towards Proactive Security Measures: 40%
of companies are now leveraging exposure management, indicating a
notable shift towards proactive OT security approaches.
Challenges in Cyber Insurance Coverage: Despite
increasing threats, 71% of companies reveal their cyber insurance
policies do not fully cover OT, highlighting significant gaps in
coverage.
Enhanced Collaboration for OT Security: 45% of
companies have established joint IT/OT security taskforces,
emphasizing the importance of cross-functional cooperation in
mitigating cyber risks.
OTORIO's report also delves into the strategies adopted by
leading organizations to navigate these challenges successfully. It
provides actionable insights for security leaders to enhance their
OT-IoT/CPS security posture, including budget allocation,
technology adoption, and regulatory compliance.
"We are excited to share these findings with the cybersecurity
community," said OTORIO’s CEO and Co-Founder Daniel Bren. "It's
crucial for organizations to stay ahead of evolving threats and
adopt proactive measures to protect their critical
infrastructure."
To learn more, download the full report and gain access to
comprehensive analysis and recommendations for strengthening OT
security.