Almost all security professionals indicated the growing challenges with the security of their organization’s IoT and IIoT solutions in 2021, reveals a new study.
Given the surplus of attacks and breaches in the pandemic era, cyber risks are now top of mind for discerning security leaders and board members. This is led to improved technology adoption and increased funding to safeguard the company’s assets and sensitive data.
As a result of increased businesses operating remotely, there have been significant security challenges globally. Tripwire, in association with Dimensional Research, evaluated the outlooks of more than 300 cybersecurity professionals who look after the cyber-security of Internet of Things (IoT) and Industrial Internet of Things (IIoT) devices.
According to the research, almost all security professionals (99%) noted growing challenges with the security of their organization’s IoT and IIoT solutions. Another 95% of the surveyed professionals said that they are concerned about the threats linked with these connected devices.
Understanding the concerning IoT and IIoT security needs
Over 75% of the respondents indicated that connected devices do not fit rightly within their active security approach easily. And nearly 88% said they require added resources to meet the rising IoT and IIoT security requirements.
This is a specific concern for technology professionals in the industrial space. In fact, about 61% of the organizations have limited to no visibility into modifications in security vendors of their supply chain process.
In recent times, the industrial sector is facing critical challenges when it is coming to securing a converged IT/OT business environment. About 53% of respondents are unable to fully monitor any connected systems entering their controlled ecosystem.
Tim Erlin, Vice President of product management and strategy at Tripwire noted – “In the past, cybersecurity was focused on IT assets like servers and workstations, but the increased connectivity of systems requires that industrial security professionals expand their understanding of what’s in their environment. You can’t protect what you don’t know.”
Practices of security executives are liable for a connected environment
Roughly 88% of organizations follow some kind of security standards, and most of them are audited against the framework.
However, industrial professionals spanning pharmaceutical, chemical, nuclear, manufacturing, energy, oil and gas companies, etc. believe they would profit from the expanded ICS cyber-security standards
Almost 97% of security professionals have concerns about supply chain security, and around 87% agree that the existing IoT and IIoT security course of action put their supply chain security at high risk
According to the study, some enterprises are already heading in a precise direction due to the rising market crisis. In light of the recent events, about 59% of business leaders indicated that the budget for managing supply chain and security operations has increased in the past year.
In addition, as high as 99% of professionals revealed that their security teams are in the practice of refusing employee requirements to connect devices. Yet 43% said they often do – which indicates work is already being done to continue a connected, smaller footprint while tackling inventory across the network.
In this context, Erlin concluded – “It’s understandable that managing supply chain risk is top of mind for industrial security teams given the level of attack we have seen this year. Large-scale supply chain risk isn’t new, so if anything, this should encourage companies to invest in resources that help maintain a more secure environment.”
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