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Estimating the $329 Billion Threat: Securing Operational Technology from Cybersecurity Risks

The cybersecurity risks facing operational technology (OT) systems are escalating, with potential financial exposures reaching $329 billion annually. A recent study outlines various risk scenarios, emphasizing indirect costs from operational disruptions. Manufacturing, chemical, and utility sectors are notably vulnerable. The report advocates for specific OT cybersecurity controls, like incident response plans and network monitoring, to reduce risks significantly. With strong cybersecurity strategies and leadership support, industries can manage these quantifiable risks, safeguarding their operational frameworks.
A Group Of Men In A Factory
  • Threat
Us Bans Kaspersky

U.S. Commerce Department Prohibits Kaspersky Software for U.S. Customers

The U.S. Department of Commerce has made a significant move by prohibiting Kaspersky Lab, Inc., a subsidiary of the Russian cybersecurity company Kaspersky Lab, from providing its software and services to U.S. customers. This action is part of the broader efforts to safeguard national security and protect sensitive information from…

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  • Cyberattack
Cardealer

CDK Global Cyberattack: Ongoing Disruptions at Car Dealerships Worsen

CDK Global, a prominent provider of software solutions for car dealerships, is facing severe operational challenges due to a recent cyberattack. The attack has disrupted the activities of approximately 15,000 dealerships across North America, forcing many to revert to manual processes and causing significant business interruptions.…

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  • Security
Na Board Agile Board

Polyfill Supply Chain Breach: A Wake-Up Call for Strengthening Third-Party Security Measures

A recent cyber incident has highlighted the vulnerabilities inherent in supply chain attacks, with the Polyfill JavaScript library found to be at the center of an extensive security breach. This incident has impacted over 100,000 websites, showcasing the broad-reaching implications and the sophisticated nature of modern cyber threats. Supply chain…

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  • Security
Pegasus Emerges As A Cyber Trojan

Pegasus Emerges as a Cyber Trojan Horse Attacking Press Freedom and Personal Liberties Across Europe

Pegasus spyware has emerged as a significant threat targeting journalists and opposition figures, with recent incidents highlighting its use against Russian- and Belarusian-speaking media based in Europe. This spyware, developed by the NSO Group, is known for allowing operators extensive access to targets’ devices, enabling them to retrieve message…

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  • Security
Na Board Agile Board 1

Cybersecurity in Crisis: The Ripple Effects of CrowdStrike’s Outage on Critical Infrastructure and Beyond

The recent widespread outage experienced by CrowdStrike has cast a significant spotlight on the vulnerabilities that can beset even the most robust cybersecurity solutions. Enterprises around the globe rely heavily on continuous and seamless access to cybersecurity services, highlighting why the CrowdStrike incident has had such a profound impact a…

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  • Security
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Surge in DDoS Attacks on French Websites Exposes Cybersecurity Risks for Paris Olympics

Recent developments in cyber warfare have seen a surge in Distributed Denial of Service (DDoS) attacks targeting French websites, highlighting potential risks for the upcoming Paris Olympics. Authorities and cybersecurity experts are closely observing these activities, which are largely attributed to hacktivist groups People’s Cyber Army and Hackne…

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  • Security
Fbi'S High-Stakes Digital Breakthrough

FBI’s High-Stakes Digital Breakthrough: Cracking Encrypted Phones and the Battle Between Privacy and Security

In a recent high-profile case, the FBI successfully gained access to the mobile phone of Thomas Matthew Crooks, the suspect involved in an assassination attempt on former President Donald Trump during a rally. This development underscores the intricate intersection between law enforcement and cybersecurity, highlighting both the capabilities and co…

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  • Cyberattack
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Cyber Resilience Tested: How Transport for London Thwarted a High-Stakes Cyberattack on Urban Transit Systems

Transport for London (TfL), the government body responsible for the transport system in Greater London, recently confronted a significant cybersecurity incident, underscoring the escalating threats facing critical infrastructure systems worldwide. This incident, characterized by sophisticated and persistent cyberattacks, highlights the vulnerabilit…

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  • Security
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Enhancing Industrial Safety: Integrating ISA/IEC 62443 for Robust Cybersecurity in Safety Instrumented Systems

The integration of safety instrumented systems (SIS) in industrial settings is a critical component of modern-day operational technology (OT) cybersecurity. Given the increasing sophistication of cyber threats targeting industrial control systems (ICS), there is a growing consensus within the cybersecurity community regarding the importance of adhe…

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