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Survey finds that some industrial organizations don’t report cybersecurity incidents to regulators

A recent Kaspersky survey has discovered that two-thirds (67%) of industrial organizations do not report cybersecurity incidents to regulators.

Survey finds that some industrial organizations don’t report cybersecurity incidents to regulators

Kaspersky’s State of Industrial Cybersecurity 2019 report shows that many companies are flouting reporting guidelines – perhaps to avoid regulatory punishments and public disclosure that can harm their reputation.

Apart from incident reporting, other survey results show that companies are taking compliance very seriously, with only a fifth (21%) of industrial companies admitting that they do not currently comply with mandatory industry regulations. Crucially, organizations understand that regulatory demands must be met, despite their lack of reporting.

Compliance is the top budget driver in cybersecurity investment strategies for 55% of respondents. However, this focus on procedures may well be leading companies to become complacent over the quality of the cybersecurity solutions and not taking into account the actual threats – only 28% identified the threat landscape as a key budget driver.

Such solutions should contain technology-oriented measures, vulnerability assessment and incident response measures, as well as security awareness initiatives for all employees who work with industrial automation systems,” comments Georgy Shebuldaev, Head of Kaspersky Industrial Cybersecurity Business Development, Kaspersky.

“Industrial compliance and regulations should not be taken lightly. But it is also very important to keep in mind the real threat landscape that is changing dynamically. An efficient cybersecurity solution in combination with clear policy should help companies achieve the necessary level of protection in accordance with regulatory requirements." Shebuldaev added.

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