In recent years, the convergence of Operational Technology (OT) and Information Technology (IT) has become increasingly important.
OT refers to the systems and processes used in industrial environments, including manufacturing plants, power grids, transportation systems, and more. Securing these systems, given they are part of our critical infrastructure, is imperative.
Rockwell Automation, a leading OT vendor, issued a critical warning to administrators: disconnect ICS (Industrial Control Systems) devices not designed for online exposure from the Internet. This warning comes in response to the rising global cyber threats targeting OT systems. Here are the key takeaways from Rockwell’s guidance:
The threat landscape for OT systems has intensified. Threat actors increasingly target these critical infrastructure components. Whether it’s state-sponsored attacks, hacktivist groups, or cybercriminals, the risk to OT systems is real. Organizations must be proactive in safeguarding their OT assets.
Some recent stats from the Dragos 2023 year in review report have highlighted this.
BCAP is designed to bridge the coverage gap which typically exists between the insurance provided by a cyber policy and that provided by an all-risks property policy.
This coverage gap exists because:
BCAP is a Consortium made up of Lloyd’s markets led by Brit Syndicate 2987 – Offering broad comprehensive cyber coverage including cyber triggered Physical Damage and Business Interruption.
In summary, Rockwell Automation’s warning emphasizes the need to protect OT systems. If in doubt, disconnect. Whether it’s preventing direct internet exposure, implementing segmentation, or maintaining inventories, these steps are critical for securing our critical infrastructure.
Potential ways of mitigating financial downside include risk transfer products.
Brit’s BCAP product is a market leading risk transfer tool designed for companies with a heavy industrial presence.