Adrian Johnson
TLDR:
- Rising ransomware, supply chain disruptions, and geopolitical issues complicate cybersecurity.
- TXOne Networks annual report highlights challenges in global industries related to cybersecurity.
TXOne Networks, a cyber-physical systems security provider, recently released its 2023 annual report highlighting the increasing cybersecurity challenges faced by global industries. The report, titled “The Crisis of Convergence: OT/ICS Cybersecurity 2023,” sheds light on the growing threats such as Ransomware-as-a-Service (RaaS), supply chain vulnerabilities, and state-sponsored hacker attacks in the wake of geopolitical issues. The report is based on a survey of 405 IT and OT security decision-makers from various sectors and markets, along with data from 545 cybersecurity incidents in 2023. It emphasizes the need for cybersecurity systems detection and response to combat known and unknown threats. Organizations are prioritizing the protection of critical OT assets, investing in data security, and exploring innovative approaches like Cyber-Physical Systems Detection and Response (CPSDR) to enhance security posture against evolving threats. The report also addresses topics like ransomware threats, OT system maintenance, nation-state cyberattacks, and regulatory standards driving OT/ICS defense. TXOne Networks CEO, Terence Liu, stresses the importance of moving beyond regulatory compliance to adapt to the constantly evolving threat landscape and safeguard revenue-generating operations. The report provides valuable insights into the tactics employed by malicious actors and emphasizes the need for enhanced team capabilities, advanced threat detection, and risk management across the supply chain for effective cybersecurity strategies.
