The results of a survey show that companies are increasingly interested in ensuring secure and resilient operations while working to implement more effective OT security.
200 executives were surveyed to identify top OT cybersecurity challenges and priorities. The research found that industry concerns about cyber threats are increasing, with 58% of organizations rating their OT cybersecurity risk as high or critical. However, only 47% of surveyed organizations have an OT cybersecurity solution in place, and 81% of respondents still manually manage OT risk in an age where risk management automation is becoming increasingly important for efficiency and security. Additionally, while 49,7% of respondents have set up a team to develop an OT security strategy, they have not yet implemented the strategy.
regulations and standards
The survey also shows that organizations and manufacturers of critical infrastructure are not able to comply with the strict new regulations - and they know it. 93% of respondents experienced a moderate or strong increase in regulations and standards affecting them in the last 12 months. As a result, 78% of respondents intend to increase their OT security budget, with an average increase of 29%.
"ServiceNow is committed to helping organizations manage the growing OT cyber and regulatory risks highlighted in the survey," said Karan Shrivastava, Director of Product Management, OT at ServiceNow. “The findings highlight critical gaps in OT security strategies and underscore the need for a comprehensive, integrated and automated approach to risk management. As a leader in digital workflows, we are proud to offer a solution that enables our customers to easily identify and prioritize risks, thereby improving their overall security posture.”
Comprehensive OT cybersecurity solutions
Otorio and ServiceNow are committed to providing comprehensive OT security solutions to their respective customers. With their expertise and solutions, the companies are well positioned to support organizations in their digital transformation and provide them with the necessary tools to thrive in an increasingly connected world. The goal of both companies is to provide innovative solutions that help companies navigate the ever-changing technology landscape and stay ahead of the curve.
"These survey results are concerning because they clearly show that many organizations have significant gaps in their security strategies that put them at high risk from OT cyberattacks," said Daniel Bren, CEO and co-founder of Otorio. “But they also suggest that organizations are taking a proactive approach to cybersecurity, prioritizing protecting their assets and improving their security posture. Our industrial-grade OT security platform, combined with ServiceNow, provides a comprehensive solution to help organizations address today's complex regulatory and cybersecurity challenges."
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About OTORIO OTORIO is an OT (Operational Technology) security company providing end-to-end solutions for proactive digital risk management. These help industrial companies around the world to maintain business continuity and protect ongoing operations. OTORIO provides comprehensive security risk assessment, monitoring and management solutions and services for critical infrastructure, intelligent transportation and logistics systems and industrial manufacturing companies.
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