John Livingston of Verve Industrial/Rockwell Automation

#arcforum #rockwellautomation #industrialautomation #cybersecurity #cyberrisk #cyberriskmanagement #cybersecuritysolutions #shorts

"We've heard a lot about the TSA regulations and the new NIS-2 directives in Europe that will be evolving there. Regulatory pressure is definitely increasing in OT. We were talking to insurance companies about how they price, and it was a free-for-all. There was no history. So they were pricing things really without any understanding of what the risks were. We had a huge run-up in ransomware, Colonial Pipeline, and the payouts were enormous. And so the insurance companies have really ratcheted up. Prices have gone up, coverage has gone down. And what they've done is they've created specific additional applications for OT requiring you to do all the things you were doing in IT security. All of those systems management security management functions. Are you patched? Are you doing vulnerability management? Do you have backups? so it comes back to this security management need." @ARCadvisory @RockwellautomationInc

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