Booz Allen Hamilton report highlights cyberattack risks against industrial companies

According to the firm’s report, more incidents involving Industrial Control Systems operators occurred over 2015 and 2016 so far, than any previous year.

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Booz Allen Hamilton report highlights cyberattack risks against industrial companies Dr. Nayfeh: "GCC leaders who successfully collaborate with relevant key stakeholders to create an integrated vision for cyberspace will help to ensure continued economic growth in the region, and will establish a global standard for other developing regions to emulate."
By  Alexander Sophoclis Pieri Published  August 24, 2016

Global consulting and technology firm Booz Allen Hamilton has unveiled findings from its Industrial Cybersecurity Threat Briefing that points to a sharp increase in threats towards Industrial Control Systems (ICS).

ICS platforms are instrumental in controlling and automating processes within a number of industries, such as pharmaceuticals and petrochemicals. The manufacturing, energy, utilities, and transportation industries are reportedly at the most risk.  

The Industrial Control Systems Cyber Emergency Response Team (ICS-CERT) has recorded over 800 cybersecurity breaches globally since 2011, the bulk of which occurred within the energy sector. 

Furthermore, the Repository of Industrial Security Incidents (RISI) reported that cyberattacks against oil and gas enterprises in the region comprise of more than 50% of all registered occurrences in the Middle East.

Dr. Mahir Nayfeh, senior vice-president at Booz Allen Hamilton, shared: "The path to success lies in ensuring a comprehensive approach that enables stakeholders to collaborate in addressing shared, multidimensional cyber issues.

"Mitigating risk requires more than just tuning firewalls and applying patches; it also involves investing in human capital, and training on policies and procedures. All facets of the cyber domain must be considered: technology and standards, policy and governance, leadership and culture, planning and operations, and management and budgeting.

Dr. Nayfeh added: "GCC leaders who successfully collaborate with relevant key stakeholders to create an integrated vision for cyberspace will help to ensure continued economic growth in the region, and will establish a global standard for other developing regions to emulate."

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