February 5, 2024 at 06:06PM
A recent report from TXOne Networks, a Taiwan-based cybersecurity firm, examines OT security incidents, sources, and organizational preparedness. Based on data from a survey of over 400 CIOs by Frost & Sullivan, and TXOne’s own collected data, it reveals ransomware as a prevalent threat, impacting OT environments and posing challenges for vulnerable legacy systems. The report also addresses IT-OT convergence risks, cybersecurity complexity, compliance, and regulations. Full report available on TXOne’s website.
From the provided meeting notes, the key takeaways are:
– A recent report by TXOne Networks highlighted the frequency of OT security incidents and their sources, based on data from a survey of over 400 CIOs and incidents collected by TXOne.
– 46% of organizations experienced OT security incidents in the past 12 months, with ransomware being predominant (47% of incidents). The US and UAE had the highest percentage of incidents involving ransomware.
– TXOne tracked a significant number of ransomware attacks in North America and Europe against companies with OT systems, mainly targeting government facilities, manufacturing, and healthcare sectors.
– The top three types of OT security incidents reported include ransomware, exploitation of vulnerabilities, and malware infiltration.
– Legacy systems and vulnerabilities in OT environments pose challenges for organizations in addressing security flaws.
– 76% of industrial organizations are very or extremely concerned about state-sponsored threat actors’ attacks.
– OT maintenance, including updating software or firmware, installing new applications, and reconfiguring settings, was identified as a significant source of OT security incidents.
– The report also delves into IT-OT convergence risks, cybersecurity complexity and maturity, OT/ICS cybersecurity management and investment, compliance, and regulations.
The full report is available in PDF format on TXOne’s website.