Cybercrime, lives at risk. And the financial impact will exceed $ 50 billion

Before 2025, cyber attackers will have armed operating technology environments to harm and even kill. The costs to organizations in terms of compensation, litigation, insurance, regulatory penalties and loss of reputation will be significant 26 Jul 2021 Veronica Balocco

By 2025, cyber attackers will have armed operating technology environments (OTs) to harm or kill. This is stated by Gartner, according to which attacks on OT, hardware and software that monitor or control equipment, resources and processes, have become more common. And they have also evolved from the immediate interruption of the process, such as the closure of a plant, to the compromise of the integrity of industrial environments with the aim of creating physical damage. According to the company, in particular, the financial impact of attacks on cyber-physical systems (CPS) with fatal victims will exceed $ 50 billion by 2023. Even without taking into account the value of human life, the costs for organizations in terms of compensation, litigation, insurance, regulatory penalties and loss of reputation will be significant. Gartner also predicts that most CEOs will be personally responsible for such incidents. Index of topics • Lack of appropriate control frameworks • Ten security checks for operational technology Lack of appropriate control frameworks "In operational environments, security and risk management leaders should be more concerned about real-world dangers to humans and the environment than information theft," said Wam Voster, director of research at Gartner. "Surveys with Gartner customers reveal that organizations in resource-intensive industries such as manufacturing, resources and utilities struggle to define appropriate control frameworks." According to Gartner, security incidents in OT and CPS have three main reasons: actual damage, commercial vandalism (production reduction), and reputational vandalism (making a manufacturer unreliable or unreliable).

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