Many firms failing to address cyber risks says poll

Industrial companies are moving too slowly to adopt cybersecurity measures to protect their data and operations, according to a new study.

The research ” which was conducted by LNS Research and sponsored by software company Honeywell ” polled 130 decision makers from industrial companies about their approach to the Industrial Internet of Things (IIoT) and their use of industrial cybersecurity technologies and practices.

More than half of respondents reported working in an industrial facility that already has had a cybersecurity breach; 45 per cent of the responding companies do not have an accountable enterprise leader for cybersecurity; only 37 per cent are monitoring for suspicious behaviour, and 20 per cent are not conducting regular risk assessments at all.

Jeff Zindel, vice-president and general manager of Honeywell Industrial Cybersecurity, said the report “reinforces that cybersecurity fundamentals haven’t been adopted by a significant portion of the industrial community”.

“In order to take advantage of the tremendous benefits of industrial digital transformation and IIoT, companies must improve their cybersecurity defenses and adapt to the heightened threat landscape now.”

Matthew Littlefield, president and principal analyst at LNS Research, added: “Cybersecurity 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.

“In short, in order for a business to succeed on its digital transformation journey, it needs to succeed with industrial cybersecurity.”

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