OT security strategies are an increasing concern according to a recent survey by OTORIO and ServiceNow. 200 C-level executives and directors in the U.S. and Canada were surveyed to identify key OT cybersecurity challenges and priorities. The research uncovered growing industry concern about cyber threats, with 58% of organizations identifying their OT cybersecurity risk level as high or critical.
However, 47% of companies surveyed have an OT cybersecurity solution in place, and 81% of respondents still manage OT risks manually in an age when risk management automation is increasingly crucial for efficiency and security. Furthermore, 49.7% of respondents have established a team to develop an OT security strategy, but have not yet created the strategy.
The survey also shows that critical infrastructure organizations and manufacturers are not equipped to meet stringent new regulations, and they know it. Ninety-three percent of respondents experienced a moderate or high increase in regulations and standards that affect them in the past 12 months. As a result, 78% of stakeholders intend to boost their OT cybersecurity budget, with an average increase of 29%.