Jacob Marzloff was recently featured in an article in Industrial Cyber:
“The economics of industrial cybersecurity is no longer a straightforward matter of considering preventive expenses but a broader analysis of intangible losses that reframe the dynamics of cyber risks. Cyber events can generate a domino effect on costs through production halts, disrupted supply chains, failure to meet contractual agreements, and regulatory inquiries that come into play following a cybersecurity incident. “
In OT, a breach doesn’t just expose records, Jacob Marzloff, president and co-founder at Armexa, assessed, adding that it can halt production, trigger safety system failures, damage physical equipment, or endanger lives.
“The variables are fundamentally different,” Marzloff told Industrial Cyber. “To address these, industrial organizations need to stop asking ‘how much does security cost?’ and start asking ‘what is the financial exposure of not having adequate controls?’ This shift reframes cybersecurity as a risk management problem rather than a discretionary expense, setting the stage for understanding the true scope of potential impacts.”
Read Full Article: Rising breach costs and operational downtime redefine economics of OT cybersecurity making it boardroom priority – Industrial Cyber
