Almost a quarter of industrial companies report cyberattack damages exceeding $5 million

Approximately 1 in 2 industrial organisations in Asia Pacific (APAC) estimate their financial losses caused by cyberattacks at over $1,000,000, with 12.9% reporting losses exceeding $5,000,000. Globally, almost one in four report losses exceeding $5,000,000, and for some, it surpasses $10,000,000. These findings were revealed in a joint study conducted by Kaspersky and VDC Research.

A recent joint study effort by Kaspersky and VDC Research titled “Securing OT with Purpose-built Solutions”, provides an in-depth analysis of the current state of Operational Technology (OT) cybersecurity. Based on a survey of over 250 decision-makers from energy, utilities, manufacturing, transportation and other sectors, the study offers valuable insights into the key business and technical trends affecting industrial organisations, as well as the most effective strategies being implemented to address these challenges.

The research underscores that the financial impact of an OT cybersecurity breach is ...