In 2023, over a quarter of organizations faced significant financial impacts due to cyberattacks on cyber-physical systems, with many reporting losses exceeding $1 million.
Ransomware is a major contributor to recovery costs, with over half of affected organizations meeting ransom demands exceeding $500,000, particularly impacting the healthcare sector.
Operational downtime has serious repercussions, with one-third of organizations reporting a full day or more of operational disruptions due to cyberattacks on CPS.
Third-party and remote access vulnerabilities remain critical, as 82% of organizations reported cyberattacks stemming from supplier access, coupled with a lack of understanding of such risks.
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