Cyber incidents disrupting operational technology (OT) could have a global financial impact of approximately $330 billion. The cost of business interruptions alone would surpass $172 billion, although indirect expenses are often overlooked. The average yearly global risk, which includes business interruption claims, is $12.7 billion, with an aggregated risk projection of $31 billion for the upcoming year. Securing remote access is crucial, especially in high-risk OT and ICS environments, and organizations must rethink privileged access management to minimize risk exposure as identity attacks become more prevalent.
"The cost of business interruptions alone would surpass $172 billion, yet indirect expenses are often unaccounted for when organizations consider the costs."
"Organizations need to think about how to securely manage privileged access into their critical environments, ensuring that employees, vendors, and third parties have just the access and permissions needed to do their job without additional risk exposure."
#cybersecurity #operational-technology #financial-impact #privileged-access-management #identity-security
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