Confident in connectivity

Being connected is the new normal.Whether influencing organizations or people, personally or professionally, connected devices mean that it is easier to know what is happening operationally and in real time.

But those open channels also invite risk from nontraditional sources. Across all industries, the number of targeted cyberattacks has doubled in a year and threats are becoming more sophisticated and disruptive. And when asked what percentage of their organizations are actively protected by their cybersecurity programs, industrial equipment executives said just two-thirds (66 percent)—leaving one-third of the organization highly vulnerable.

Counteracting connectivity threats may require wholesale change—from handling hyper-connectivity, to managing fundamental security practices, and to the Chief Information Security Officer’s (CISO’s) role—but it can also open the door to a new security paradigm that improves how industrial equipment organizations operate.

Accenture conducted security research to understand how organizations, including the Industrial Equipment industry, can achieve cyber resilience. Here is what we found:

8 in 10

Industrial equipment executives are confident about their cybersecurity capabilities; yet out of 33 cybersecurity capabilities, industrial equipment is high-performing in just 19.

74%

Of industrial equipment executives said that “cyberattacks are a bit of a black box, we do not quite know how or when they will affect our organization.”

46%

Of industrial equipment executives recognize they need to improve on network security and 44% on security monitoring—the “basics” of security programs.

Seize the day

Industrial equipment companies, the products they create and the ecosystems in which they operate are becoming more connected by the day. This connectivity provides an opportunity for industrial equipment manufacturers to improve their service levels, be more responsive to the distribution network and their customers, and create new business value through data-driven services.

Industrial equipment executives need not feel daunted. They can achieve cyber resilience by taking the following actions:

Secure core assets

CISOs must prioritize establishing visibility into the network. Regularly harden and protect core assets and pressure-test resilience.

Image

Establish a “security-by-design” culture

Be practical and keep pace with the changing nature of connected environments.

Evolve the CISO role

Next-generation CISOs should be business-minded and adept at communicating across all levels of the business.

View All

Manufacturing change

At both ends of the spectrum—from an individual employee’s perspective, all the way up to strategic corporate decision making—cybersecurity represents an opportunity to improve and enhance the business. Industrial equipment executives have a window of opportunity in the next couple of years to succeed where others have failed—by employing cyber resilience to make their business bigger, faster and stronger and meet the threats of today, while planning to counteract the threats of tomorrow.

Industrial equipment executives have a window of opportunity to succeed where others have failed—by employing cyber resilience.

About the Authors

Tilak Mitra

Managing Director, Lead – Industrial Equipment Technology


Bradford Hegrat

Principal Director – Security Consulting


Wayne Dennis

Senior Manager – Security Consulting

MORE ON THIS TOPIC


Subscription Center
Stay in the Know with Our Newsletter Stay in the Know with Our Newsletter