Making a case for OT cybersecurity investment

1 November 2019 Information Security

Operational technology (OT) is at a growing risk of cyberattack, bringing with it the danger of far-reaching and costly impacts. But OT in most traditional heavy industries and infrastructure facilities have been run in silos behind ‘air gaps’ for so long that the board assumes they are safe from attack.

“Traditional approaches are no longer enough to secure heavy industry and infrastructure from cyberattacks,” warns Mike Bergen of GECI International. “The traditional air gap between IT and OT is closing amid new business requirements associated with digitalisation, and this is increasing the potential attack surface and hence the cyber risk,” he says. “We see a growing trend for ransomware and crippling attacks launched against key systems that keep infrastructure and societies functioning worldwide.”

But motivating for additional spend on top of existing, traditional cybersecurity budgets can be challenging.

Bergen recommends outlining the significant risks the organisation could face in the event of an attack, including costly production outages leading to financial losses, catastrophic safety failures and environmental damage leading to potential liability issues, or theft of corporate IP resulting in a loss of competitive advantage.

GECI partner CyberX notes that the discussion with the board around OT security should be framed as a strategic one, rather than a technology issue. Key factors to be considered are risk management and regulatory and compliance requirements – particularly in those organisations providing essential services such as energy, water, healthcare, banking and financial services, and digital infrastructure.

Key metrics on system maturity and risk should be presented to the board in an unambiguous, comprehensive and understandable way. These metrics should be directly linked to enterprise goals and strategies and clearly measure the consequences of alternatives. Importantly, potential financial losses should be modelled to present a financially based position statement on the importance of securing industrial and OT assets.

CyberX advises presenting to the board with a focus on facts, risks, the future, and actionable plans; including a mapping of the current cybersecurity framework to an accepted maturity model. The board should also be alerted to any known threats and the potential business risk of each.

Given the potential implications to the health and safety of human lives, environmental damage, financial losses, and in a worst-case scenario the very ability of a society to function, it’s important that OT network security is addressed in a manner like IT network security – including having board-level visibility.

Says Bergen: “Thousands of attacks are getting through even the best organisational defences. The South African Banking Risk Information Centre (SABRIC) states that South Africa has the third-highest number of cybercrime victims worldwide, losing about R2,2 billion a year to cyberattacks.

“In the US, for example, 53 cities were hit last year by ransomware attacks, usually demanding hundreds of thousands of dollars to reinstate the victim’s systems. In the first 6 months of this year, 25 to 30 more US cities were attacked, and in August 23 cities in Texas alone were hit by ransomware. Dozens of large and small companies worldwide have also suffered costly attacks recently.

“In this country, a much-publicised attack on Johannesburg’s City Power was met with shock, particularly by electricity clients in that city. More than a month after the attack, they were still dealing with the damage caused. But that is just the beginning. South Africa is a wide-open cybersecurity target market. And as the doors close for cybercriminals overseas, they will be heading to our shores. It’s no longer a matter of ‘if’, but ‘when’ you will be attacked.”




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

What are MFA fatigue attacks, and how can they be prevented?
Information Security
Multifactor authentication is a security measure that requires users to provide a second form of verification before they can log into a corporate network. It has long been considered essential for keeping fraudsters out. However, cybercriminals have been discovering clever ways to bypass it.

Read more...
SA's cybersecurity risks to watch
Information Security
The persistent myth is that cybercrime only targets the biggest companies and economies, but cybercriminals are not bound by geography, and rapidly digitising economies lure them in large numbers.

Read more...
Cyber insurance a key component in cyber defence strategies
Information Security
[Sponsored] Cyber insurance has become a key part of South African organisations’ risk reduction strategies, driven by the need for additional financial protection and contingency plans in the event of a cyber incident.

Read more...
Deception technology crucial to unmasking data theft
Information Security Security Services & Risk Management
The ‘silent theft’ of data is an increasingly prevalent cyber threat to businesses, driving the ongoing leakage of personal information in the public domain through undetected attacks that cannot even be policed by data privacy legislation.

Read more...
Data security and privacy in global mobility
Security Services & Risk Management Information Security
Data security and privacy in today’s interconnected world is of paramount importance. In the realm of global mobility, where individuals and organisations traverse borders for various reasons, safeguarding sensitive information becomes an even more critical imperative.

Read more...
Sophos celebrates partners and cybersecurity innovation at annual conference
News & Events Information Security
[Sponsored] Sun City hosted Sophos' annual partner event this year, which took place from 12 to 14 March. Sophos’ South African cybersecurity distributors and resellers gathered for an engaging two-day conference.

Read more...
The CIPC hack has potentially serious consequences
Editor's Choice Information Security
A cyber breach at the South African Companies and Intellectual Property Commission (CIPC) has put millions of companies at risk. The organisation holds a vast database of registration details, including sensitive data like ID numbers, addresses, and contact information.

Read more...
Navigating South Africa's cybersecurity regulations
Sophos Information Security Infrastructure
[Sponsored] Data privacy and compliance are not just buzzwords; they are essential components of a robust cybersecurity strategy that cannot be ignored. Understanding and adhering to local data protection laws and regulations becomes paramount.

Read more...
AI augmentation in security software and the resistance to IT
Security Services & Risk Management Information Security
The integration of AI technology into security software has been met with resistance. In this, the first in a series of two articles, Paul Meyer explores the challenges and obstacles that must be overcome to empower AI-enabled, human-centric decision-making.

Read more...
Milestone Systems joins CVE programme
Milestone Systems News & Events Information Security
Milestone Systems has partnered with the Common Vulnerability and Exposures (CVE) Programme as a CVE Numbering Authority (CNA), to assist the programme to find, describe, and catalogue known cybersecurity issues.

Read more...