What is the story about?
What's Happening?
A global study conducted by Forrester Consulting for Schneider Electric reveals that 91% of critical infrastructure organizations have faced at least one operational technology (OT) breach or failure in the past 18 months. Despite existing security measures, these incidents have resulted in service interruptions, revenue loss, and reputational damage. The study highlights a reliance on traditional IT practices for OT security, with only 40% of organizations having 24/7 monitoring for OT threats. The 'Secure by Operations' strategy, which embeds cybersecurity into complex operational environments, is endorsed by 75% of respondents as a means to mitigate future attacks. Organizations adopting this strategy report faster recovery times and reduced capital expenditure.
Why It's Important?
The findings underscore the urgent need for improved cybersecurity measures in critical infrastructure sectors. The 'Secure by Operations' strategy offers a proactive approach to cybersecurity, potentially reducing the impact of cyber incidents on operations and financial stability. As cyber threats continue to evolve, organizations that fail to adapt may face increased risks, including operational disruptions and financial losses. The study suggests that partnerships with managed security service providers could enhance security practices, offering expertise and resources necessary for effective OT environment protection.
What's Next?
Organizations are likely to increase investment in cybersecurity strategies that integrate IT and OT environments. The adoption of 'Secure by Operations' principles may become more widespread, driven by the need to protect against sophisticated cyber threats. As awareness grows, industries may seek external partnerships to bolster internal capabilities, ensuring comprehensive security measures are in place. This shift could lead to improved industrial competitiveness and smarter operations.
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