Operational Technology Security: Weekly Update
17th November 2023
Steven Lane, OT Security Consultant
Overview
The Operational Technology (OT) security landscape is witnessing a significant transformation. Organisations are realising OT's unique challenges, distinct from traditional IT environments. This has led to a surge in targeted attacks, necessitating a strategic approach to OT cybersecurity. This weekly update highlights critical cyber incidents, underscoring the evolving threat landscape in OT.
1. Trends in OT Cybersecurity
An article published this week discusses these key trends:
2. Major Cyber Incidents
3. Other Notable Developments
Johnson Controls Cyberattack Delaying Earnings Report (November 13, 2023) Johnson Controls, a prominent player in the market, has reported a significant delay in its earnings report due to a cyberattack. This event highlights the direct impact of cybersecurity breaches on financial reporting and market dynamics
ICBC Hack and the Barclays Warning (November 15, 2023) Barclays has raised concerns over the cybersecurity risks associated with a proposed reform by the U.S. Securities and Exchange Commission. This follows the cyberattack on the Industrial and Commercial Bank of China's U.S. broker-dealer, showcasing the vulnerability of financial institutions to cyber threats
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Lockbit Ransomware Spree: Henry Schein and Boeing Data Breach (November 10, 2023) The BlackCat/ALPHV cybergang, known for its ransomware attacks, disrupted operations at healthcare giant Henry Schein, with a considerable amount of data compromised. Furthermore, Boeing also fell victim to this group, with significant data exposure.
China's Proposal for Cybersecurity Checks (November 13, 2023) In response to the growing cyber threats, China has proposed cybersecurity checks for auditors if national security is involved. This move indicates a more proactive approach by governments to incorporate cybersecurity into national security frameworks.
Russian Cyber Attack on Ukraine Power Grid (November 9, 2023) Researchers have identified Russian spies as the perpetrators behind a 2022 cyberattack on Ukraine's power grid. This incident underscores the escalating cyber warfare tactics being employed in geopolitical conflicts [read more]
Australia's Warning: Rising Cyberattacks on Critical Infrastructure (November 15, 2023) The Australian government has issued warnings regarding a surge in cyberattacks, particularly by state-sponsored groups targeting critical infrastructure. This serves as a reminder of the increasing geopolitical dimensions of cyber threats [Read more]
4. Strategic Implications and Recommendations
Conclusion
This week's incidents and news underscores the growing sophistication and diversity of threats in the OT space. Organisations must stay vigilant and adapt their cybersecurity strategies to these evolving challenges. Staying informed and proactive is vital to safeguarding critical infrastructure and maintaining operational resilience.
Operation linguist at Sallyport Global
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