Industrial cybersecurity delivers ROI

July 2019 Industrial (Industry), Cyber Security

Kaspersky Industrial CyberSecurity (KICS) – a dedicated solution for operation technology (OT) and industrial control systems (ICS) protection – has saved one company $2.2 million, according to a Total Economic Impact (TEI) study, commissioned by Kaspersky Lab and delivered by Forrester Consulting as of April 2019.

KICS for Nodes is specifically designed to address threats at operator level in ICS environments, ensuring a customer avoids the costs associated with system downtime, OS upgrades and the use of legacy endpoint antivirus solutions. With the overall solution costing $470 950, the customer achieved benefits resulting in a 368% return on investment (ROI) after three years.

The level of threats facing industrial companies was maintained: in 2018, malicious activity was detected and prevented on almost half of all ICS computers (47%). If an incident does strike, companies may suffer downtime, disruption to production lines and products or even risk the safety of their employees. As such, OT and ICS infrastructure requires a special approach to cybersecurity. It is crucial to implement a dedicated OT/ICS security solution: traditional IT protection for endpoints does not work effectively on OT networks and may not be compatible with specific scada software, controllers and IoT devices widely used in production.

In addition to providing high level protection from cyber threats, a dedicated solution is more cost-effective. Designed to meet the characteristics of industrial computers and networks, it doesn’t inhibit the operation of industrial equipment or lead to downtime as a result of malware. The Forrester study, The Total Economic Impact Of Kaspersky Industrial CyberSecurity revealed that the company assessed – which deployed KICS for Nodes after using traditional endpoint AV on industrial endpoints – avoided costs associated with downtime of $1.7 million. This accounted for 77% of all the benefits achieved from the KICS for Nodes deployment.

The study also found that the company was able to save a significant sum of money on product upgrades. Using traditional antivirus solutions required upgrading the OS on the industrial equipment to newer versions compatible with the traditional AV. Getting rid of these upgrades through using KICS for Nodes allowed the company to save $461 495 (with the update of one endpoint costing $600 per year). Ending the renewal of its traditional antivirus solution also saved the company an additional $50 000.

According to the Forrester study: “Interviewees cited the confidence in the security of the infrastructure that KICS delivers. [Interviewees] know that with this specialised software, their industrial systems are better protected, and the information security team is reducing the overall risk of security breaches for the organisation.”

“There is a common belief that cybersecurity is a black hole that demands money but never brings any return. The study by a leading global research and advisory firm revealed that in reality, cybersecurity can be an investment with solid benefits, both in terms of efficiency and finances. The use of a dedicated ICS security solution instead of a traditional corporate one ensures full and up-to-date protection for both new and legacy systems, using a single management console. This will allow companies to save good money and reallocate it to more high priority tasks – just as we saw in this example,” says Georgy Shebuldaev, head of Kaspersky Industrial Cybersecurity Business Development.

Kaspersky Industrial CyberSecurity is a dedicated portfolio of technologies and services designed to protect operational technology layers and elements of industrial enterprises. More information about the solution is available on the Kaspersky Industrial CyberSecurity web site. https://ics.kaspersky.com/



Credit(s)




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

The dark side of apps
September 2019, Kaspersky Lab , Home Security, Cyber Security
In 2019 the number of worldwide mobile phone users is forecast to reach 4.68 billion, of which 2.7 billion are smartphone users.

Read more...
Does your digital life need a spring clean?
September 2019 , Home Security, Cyber Security
With the right information, cybercriminals can easily gain access to private aspects of your life and exploit that for monetary gain.

Read more...
Cyber-securing your surveillance infrastructure
September 2019, Genetec, Hikvision South Africa , Editor's Choice, CCTV, Surveillance & Remote Monitoring, Cyber Security
When it comes to cybersecurity, understanding the risks and the solutions as well as engaging in open communication helps everyone.

Read more...
Safely safeguarding chemical facilities
September 2019, Wisenet CCTV - Hanwha Techwin , CCTV, Surveillance & Remote Monitoring, Industrial (Industry)
Wisenet T series explosion-proof and stainless steel cameras customised for industrial facilities provide pre-emptive protection not only for facility assets but also for employees and the nearby community.

Read more...
Keeping your things to yourself
October 2019, Technews Publishing , Editor's Choice, Cyber Security, Integrated Solutions, IT infrastructure
Three experts spoke to Hi-Tech Security Solutions to offer advice on keeping your IoT working for you and not for cyber criminals.

Read more...
IoT in security
October 2019, Duxbury Networking, Technews Publishing , Editor's Choice, Cyber Security, Integrated Solutions, IT infrastructure
Using the Internet of Things is not really optional these days, but securing the Internet of Things is compulsory, no matter what industry you operate in.

Read more...
Cyber risks drive convergence
September 2019 , Integrated Solutions, Industrial (Industry)
What makes industry sectors such as manufacturing, pharmaceuticals, oil and gas and transportation particularly vulnerable to cyberattacks it?s their reliance on operational technology.

Read more...
NFa2p security certification
October 2019 , News, Cyber Security
Advisor Advanced obtains the highest level of certification to the NFa2p Electronic Security Standard for a complete security system.

Read more...
SOAR an essential part for security operations
October 2019 , Editor's Choice, Cyber Security, Security Services & Risk Management
MJ Strydom, MD of cybersecurity specialist company DRS discusses the challenges around the security incident response lifecycle.

Read more...
Stalkerware on the increase
October 2019, Kaspersky Lab , Cyber Security
The number of users that encountered stalkerware (commercial spyware often used as a tool for domestic espionage) increased by 35% to 37 000 in 2019.

Read more...