Staff Report
Dubai: Honeywell has revealed a new study showing industrial companies are not moving quickly to adopt cyber security measures to secure their data and operations, even as attacks have increased around the globe.
The survey on Putting Industrial Cyber Security at the Top of the CEO Agenda was conducted by LNS Research and sponsored by Honeywell. It polled 130 strategic decision
makers from industrial companies about their approach to the Industrial Internet of Things
(IIoT), and their use of industrial cyber security technologies and practices.
The study unveiled that more than half of respondents reported working in an industrial facility that already has had a cyber security breach. However 45 per cent of the responding companies still do not have an accountable enterprise leader for cyber security.
The study showed that only 37 per cent are monitoring for suspicious behavior. Although many companies are conducting regular risk assessments, 20 per cent are not doing them at all.
“Decision makers are more aware of threats and some progress has been made to
address them, but this report reinforces that cyber security fundamentals haven’t been
adopted by a significant portion of the industrial community,” said Safdar Akhtar, business
development director, Industrial Cyber Security for EMEA at Honeywell Process Solutions
(HPS).
“In order to take advantage of the tremendous benefits of industrial digital transformation and IIoT, companies must improve their cyber security defenses and adapt to the heightened threat landscape now.”
The study suggests these three immediate actions for any industrial organization to
capture the value of the new technologies that includes, making industrial cyber security part of digital transformation strategies, driving best practice adoption across people, processes and technology, from access controls to risk monitoring, and tap external cyber expertise to fill gaps and focusing on empowering leaders and building an organizational structure that breaks down the silos between IT and OT.
“Cyber security needs to be part of every CEO’s agenda to ensure the effective, immediate and long-term deployment of strategies and technologies such as IIoT,” said Matthew Littlefield, president and principal analyst, LNS Research.
“In short, in order for a business to succeed on its digital transformation journey, it needs to succeed with industrial cyber security.”
LNS Research is a global leader in research and advisory for digital transformation
of industry, delivering technology insights for business executives. Its analysts focus on
identifying the metrics, leadership, business process, and technology capabilities effecting
change.
