Managing OT Cyber Insurance

While cyber insurance has matured during the past few years, there are still many lesser understood facets, especially OT needs and requirements. In a recent post, Verve Industrial poignantly states, even as threats to critical controls systems grow exponentially, cyber insurance underwriters have been slow to update rating tables to incorporate growing cyber-physical risks. Organizations, likewise, often fail to adequately account for OT/ICS risks and basic controls in their overall assessment strategies. Verve points out that manufacturing is now the second most targeted industry behind financial firms and how attackers have discovered the profit potential derived from locking up manufacturing systems. Additionally, the post includes a matrix indicating manufacturing is followed by energy at third and government at sixth. Verve highlights the need and path forward for asset owners and insurers to proactively manage OT cyber insurance costs. Read more on managing the cost of OT cyber insurance at Verve Industrial.