INDUSTRY X . 0
“ It ’ s fair to say that the stakes are high : a successful attack can put mining operations , equipment , data , and employees at risk . Even a single safety or environmental incident can impact revenue and significantly compromise market value ,” Grove states .
Mitigating the risks To effectively prepare for potential threats , mine operators must acknowledge that combining their OT and IT systems could increase their network ' s susceptibility to risks . It ’ s crucial for them to implement defensive measures to identify and control cyber threats .
To combat the rising incidence of cyber threats , operators will also need to tackle common cybersecurity challenges encountered during operations . These include gaining insight into their OT and IoT networks , rectifying any security vulnerabilities .
Grove explains that there are available technologies that can be employed to develop operational resilience swiftly and effortlessly , while also providing real-time visibility and cybersecurity .
“ Without OT and IoT visibility , it proves to be difficult to stay on top of risks . One small change or networking issue can increase exposure to cyber threats and impact production , profits , and IP security . While a fast response to anomalies is critical , spotting issues before they impact mining business operations requires real-time visibility into network assets , connections , and communications .
“ By opting for cybersecurity solutions designed for the mining industry , operators enable rapid cyberthreat detection and real-time network monitoring , prompting proactive responses to threat mitigation ,” he concludes .
“ Most companies ( up to 80 %) who have paid cybercriminal ransom demands are subject to a second ransomware or DoS attack within 12 months of paying the ransom ”
PAUL GOGARTY CYBERSECURITY BUSINESS LEAD , PROCESS INDUSTRIES , ABB
54 May 2023