Description
The
recent spate of cyberattacks such as Petya or WannaCry virus have affected
systems across various industries. In order to protect themselves against such
attacks, industries are adopting industrial cyber security to increase their
armor against online threats
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The
advent of Industrial Internet of Things (IIoT) has allowed automation of
machines via industrial control systems (ICS). Control of ICS by hackers can
lead to a shutdown or cause unwanted harm to workers. Gateways, routers, and
Ethernet switches are devices used in ensuring online safety of industries.
Major end users include transportation, oil and gas, power grids, and manufacturing.
Operational technologies used in maintaining ICS include Supervisory Control
and Data Acquisition (SCADA), programmable logic controllers (PLCs), and
distributed control systems (DCS).
Taking up Security
Measures
The
oil and gas (O&G) sector is one of the most vulnerable targets amid high
adoption of automated systems. Development of oil well and extraction systems
poses a risk of online threats. Companies in the sector currently possess risk
management strategies that can cause a downfall in operations. Use of intrusion
detection and anti-virus software solutions for industrial endpoints can
safeguard overall security. For instance, Cisco Systems provides O&G
companies with solutions that safeguard legacy and novel systems.
The
power generation sector has also been susceptible to cyberattacks. Recently,
ABB launched software solutions aimed at protecting DCS. The programs can
identify incoming threats as well as update systems with integral patches
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Market Overview
The
worldwide industrial cyber security market is anticipated to gain significant
earnings by 2022, according to a report on Radiant Insights, Inc. Factors
encouraging market growth over the forecast period are rising incidence of
cyberattacks, rise in adoption of industrial connected systems, and soaring
interest of governments in raising cyber security standards across industries.
Lack of security professionals and incomplete training to handle cyberattacks
can impede future market growth.
Key
market players include Maverick Technologies; Symantec Corporation; Honeywell
International Inc.; and Siemens AG. These players are relying on acquisitions
to increase their global reach
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