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Cybersecurity Accountability – Food for Thought, as CEO’s may be Personally on the Hook by 2024 for Cyber-Physical Attacks

Cybersecurity Accountability – Food for Thought, as CEO’s may be Personally on the Hook by 2024 for Cyber-Physical Attacks

Created: Thursday, November 19, 2020 - 14:18
Categories:
Cyber Security, Resilience, Security Preparedness

Nothing screams cybersecurity is serious like personally being on the hook for an entire organization. Personal liability of executives for cyber incidents isn’t new. But when safety of the cyber-physical systems (CPS) that operate within industrial environments is on the line, executives and boards need to be acutely aware of these systems and their vulnerabilities and intentionally pursue a sound risk management strategy for securing these assets. With that in mind, combined with the IBM 2020 X-Force Intelligence Index reporting attacks targeting ICS and OT have increased by over 2000 percent since 2018 (covered in the Security & Resilience Update for May 21, 2020), Gartner predicts a liability for CPS attacks ultimately extending to 75% of CEOs by 2024. For more considerations on CEO accountability for CPS, read the post at Tripwire.