The Latest Cybersecurity In The Automation Industry Statistics Explained
In 2021, 56% of surveyed companies reported at least one cybersecurity incident in the automation industry.
The statistic ‘In 2021, 56% of surveyed companies reported at least one cybersecurity incident in the automation industry’ indicates that a significant proportion of companies operating in the automation sector experienced cybersecurity breaches or incidents within that year. This suggests that cyber threats are prevalent and pose a significant risk to businesses in the automation industry. The high percentage of companies reporting incidents highlights the importance of robust cybersecurity measures and emphasizes the need for continued vigilance and investment in protecting sensitive data and systems within the automation sector.
ISC asserts that, globally, the automated cyber security sector will achieve a volume of $68.3 billion by 2023.
The statistic, stating that the automated cyber security sector is projected to reach a volume of $68.3 billion by 2023, suggests a significant growth and demand for automated solutions in the field of cyber security on a global scale. This figure highlights the increasing emphasis and investment placed on leveraging automated technologies to enhance security measures against cyber threats and attacks. The forecasted volume indicates a lucrative market opportunity for companies operating in the automated cyber security space, emphasizing the ongoing need for robust and efficient solutions to combat the evolving landscape of cyber threats faced by organizations worldwide.
It’s estimated that cybercrime will cost $6 trillion annually by 2021, which may harm automation industry drastically.
The statistic suggests that the projected annual cost of cybercrime is expected to reach $6 trillion by the year 2021, indicating a significant threat to various industries, particularly the automation industry. This implies that the rising incidences of cyber threats and attacks pose a serious risk to businesses, resulting in potential financial losses and disruptions to operations within the automation sector. The substantial financial impact of cybercrime underscores the importance of investing in robust cybersecurity measures to safeguard against potential vulnerabilities and mitigate potential damages that could severely impact the automation industry’s growth and stability.
As of 2020, the average downtime after a ransomware attack was 21 days, and the average remediation cost was $1.85 million.
In 2020, the average downtime following a ransomware attack was reported to be 21 days, indicating the period during which affected systems or data were inaccessible or compromised. Concurrently, organizations faced an average remediation cost of $1.85 million to recover from the attack, encompassing expenses related to incident response, system restoration, lost productivity, legal fees, and potential ransom payments. This statistic underscores the significant impact of ransomware attacks on businesses, both in terms of operational disruptions and financial losses, highlighting the critical need for robust cybersecurity measures and incident response strategies to mitigate the risks associated with such malicious cyber threats.
70 percent of industrial automation respondents perceive severity of mobile threats as “high” or “critical”.
The statistic indicates that among respondents from the industrial automation sector, 70 percent view the severity of mobile threats as either “high” or “critical.” This suggests a significant level of concern within the industry regarding the risks associated with mobile security. The perception of these threats as being of high or critical severity implies that professionals in the industrial automation sector recognize the potential impact that security breaches on mobile devices could have on their operations. This statistic underscores the importance of addressing mobile security vulnerabilities within the industry to mitigate potential risks and safeguard sensitive data and processes.
OSS projects make up 70 to 90% of the code in modern applications in automation industry, but 49% of the organizations have no formal process for tracking the OSS code.
The statistic provided indicates that open-source software (OSS) projects play a significant role in modern applications within the automation industry, making up a substantial portion of the codebase, ranging from 70 to 90%. However, despite the prevalence of OSS code usage, nearly half of the organizations do not have a formal process in place to track and manage the OSS code within their applications. This lack of formal tracking processes can pose risks in terms of security vulnerabilities, licensing compliance, and overall code quality control. Organizations should prioritize implementing proper policies and tools for effectively managing and monitoring the OSS components integrated into their applications to mitigate these potential risks.
By 2021, it is expected that 3.5 million cyber security jobs will be unfilled.
The statistic stating that by 2021, 3.5 million cyber security jobs will be unfilled indicates a significant shortage in the cyber security workforce worldwide. This shortage is attributed to the escalating threat landscape, the increasing complexity of cyber attacks, and the rapid digital transformation of organizations across various industries. As technology continues to advance, the demand for skilled cyber security professionals is outpacing the supply, leading to a growing gap in the workforce. The implications of this shortage are concerning, as it can leave businesses and individuals vulnerable to cyber threats and compromise data security. Addressing this shortage requires concerted efforts from educational institutions, government agencies, and private sector organizations to promote cyber security awareness, training, and career pathways.
By 2025, it’s estimated that businesses will incur $5.2 trillion in additional costs and revenue loss due to cyber attacks.
The statistic ‘By 2025, it’s estimated that businesses will incur $5.2 trillion in additional costs and revenue loss due to cyber attacks’ highlights the significant financial impact of cyber attacks on businesses in the near future. This projection suggests that the threat of cyber attacks is growing rapidly and poses a major risk to organizations worldwide. The $5.2 trillion figure encompasses various costs such as financial losses, reputational damage, legal fees, and investments in cybersecurity measures. This statistic underscores the critical importance for businesses to prioritize cybersecurity strategies, invest in robust defense mechanisms, and continually update their cybersecurity policies to mitigate the escalating risks associated with cyber threats.
Industrial control system computers faced cyber threats from 41 percent of the total volume of threats in H2 2020.
In the second half of 2020, industrial control system (ICS) computers encountered cyber threats that accounted for 41 percent of the total volume of threats. This statistic sheds light on the significance of cyber threats targeting ICS computers, which are used to manage and control critical infrastructure in sectors such as energy, manufacturing, and transportation. The high percentage indicates the vulnerabilities and risks faced by these systems, highlighting the importance of implementing robust cybersecurity measures to protect against potential attacks that could have severe consequences on the operations and safety of essential infrastructure.
65% of industrial automation companies are concerned about operational technology (OT) security.
The statistic ‘65% of industrial automation companies are concerned about operational technology (OT) security’ indicates that a majority of companies operating in the field of industrial automation are apprehensive about the security of their operational technology systems. This concern likely stems from the increasing digitization and connectivity of industrial processes, which have made them more vulnerable to cyber threats. Industrial automation companies rely heavily on OT systems to control and monitor their operations, and any security breaches could have serious consequences, including downtime, lost production, or safety risks. The high percentage of companies expressing concern highlights the importance of implementing robust security measures to protect against potential cyber attacks and safeguard critical infrastructure.
By 2021, smart factories are expected to add $500 billion to $1.5 trillion in value to the worldwide economy.
This statistic indicates that by the year 2021, the implementation and adoption of smart factories are projected to contribute a substantial economic value ranging from $500 billion to $1.5 trillion globally. Smart factories refer to manufacturing facilities that utilize advanced technologies such as Internet of Things (IoT), artificial intelligence, and automation to enhance efficiency, productivity, and flexibility in production processes. The expected economic impact showcases the significant potential of smart factories in driving growth, innovation, and competitiveness across various industries. This statistic underscores the transformative nature of Industry 4.0 technologies and emphasizes the importance of integrating them into traditional manufacturing practices to unlock substantial economic benefits on a global scale.
Cyber attacks on OT environments increased by over 2000% in 2019.
The statistic “Cyber attacks on OT (Operational Technology) environments increased by over 2000% in 2019” indicates a significant and alarming rise in the number of cyber attacks targeting critical infrastructure systems and industrial control networks. The dramatic increase suggests a growing trend of malicious actors targeting OT systems, which can have disruptive effects on essential services and industries such as energy, manufacturing, and transportation. This statistic underscores the pressing need for organizations to strengthen their cybersecurity measures and defenses to protect against these evolving threats and mitigate the potential risks of cyber attacks on critical infrastructure.
75% of IoT-based malware attacks in 2020 were accounted for by just 10 malware families.
This statistic indicates that the majority of Internet of Things (IoT)-based malware attacks in 2020 were driven by a relatively small number of distinct malware families, with 75% of these attacks attributed to just 10 specific families. This suggests a high concentration of malicious activity within a limited number of well-established malware strains targeting IoT devices. Understanding which malware families are responsible for the majority of attacks can help cybersecurity professionals focus their efforts on developing strategies to combat these specific threats, potentially leading to more effective defense mechanisms and mitigation measures to safeguard IoT ecosystems against prevalent malware infections.
Data from 75% of surveyed firms was breached at least once in the last 12 months.
The statistic indicates that a significant majority, specifically 75% of the firms surveyed, experienced a data breach at least once within the past 12 months. This suggests a high prevalence of data security incidents within the surveyed firms, highlighting the pervasive nature of cybersecurity threats in the current business landscape. The finding underscores the importance for organizations to prioritize robust cybersecurity measures and protocols to protect sensitive information and mitigate the risks associated with data breaches. The high occurrence of security incidents among firms emphasizes the need for continuous monitoring, regular security assessments, and employee awareness training to safeguard against potential breaches and uphold data integrity and confidentiality.
More than 80% of organizations dedicate a part of their IT budgets for predictive analytics and machine learning to enhance cybersecurity measures.
The statistic suggesting that more than 80% of organizations allocate a portion of their IT budgets towards predictive analytics and machine learning to bolster cybersecurity measures indicates a growing recognition within the industry of the importance of leveraging advanced technologies for enhanced security protocols. By investing in predictive analytics and machine learning tools, organizations can proactively identify and combat potential cyber threats, thereby fortifying their defense mechanisms against evolving security risks. This strategic allocation highlights a proactive approach towards cybersecurity, reflecting a shift towards a more data-driven and preemptive security posture among organizations seeking to mitigate risks and safeguard their digital assets.
It took companies an average of 280 days to identify and respond to a breach in 2020.
The statistic that companies took an average of 280 days to identify and respond to a breach in 2020 highlights the significant amount of time it typically takes organizations to detect and address cybersecurity incidents. This delay could have serious consequences, as cyberattacks can lead to data theft, financial losses, reputation damage, and regulatory penalties. The extended response time may indicate shortcomings in companies’ cybersecurity practices, detection capabilities, incident response plans, or resources allocated to cybersecurity. Addressing these issues and improving incident response times is crucial to mitigate the impact of data breaches and enhance overall cybersecurity posture.
A 2020 SANS study found that 44% of OT security budgets are expected to grow over the next two years.
The statistic from the 2020 SANS study indicates that 44% of operational technology (OT) security budgets are projected to increase over the next two years. This suggests a substantial level of anticipated growth in financial investment towards securing OT systems, highlighting the increasing importance organizations are placing on protecting their industrial control systems and critical infrastructure. The finding points towards a recognition of the growing cybersecurity threats facing OT environments, such as manufacturing plants, power grids, and transportation systems, leading businesses to allocate more resources towards enhancing their resilience and defenses. Consequently, this trend underscores the proactive measures being taken to fortify OT security capabilities in response to evolving cyber risks and vulnerabilities.
Cybersecurity and privacy are cited as the top concern for businesses using IoT technology, according to 36% of executives surveyed in 2020.
The statistic indicates that 36% of executives surveyed in 2020 identified cybersecurity and privacy as the primary concern for businesses utilizing IoT technology. This finding suggests that a substantial portion of business leaders recognize the importance of addressing security and privacy issues in IoT implementations to protect sensitive data and prevent unauthorized access. Given the increasing adoption of IoT devices in various industries, the emphasis on cybersecurity and privacy highlights the need for robust security measures and protocols to safeguard against potential cyber threats and ensure the integrity of IoT systems and data. This statistic underscores the critical role that cybersecurity plays in the successful deployment and operation of IoT technologies within businesses.
References
0. – https://www.www.sans.org
1. – https://www.newsroom.accenture.com
2. – https://www.www.synopsys.com
3. – https://www.www.statista.com
4. – https://www.www.coveware.com
5. – https://www.www.isc2.org
6. – https://www.cybersecurityventures.com
7. – https://www.www.ibm.com
8. – https://www.www.trendmicro.com
9. – https://www.ics-cert.kaspersky.com
10. – https://www.www.capgemini.com
11. – https://www.www.advisenltd.com
12. – https://www.www.isa.org
13. – https://www.www.imperva.com
14. – https://www.www.pwc.com
15. – https://www.threatpost.com
