CA-CYOLO
21.2.2024 14:31:29 CET | Business Wire | Press release
Today, Cyolo, the access company for the digital enterprise, in partnership with Ponemon Institute, released a global study exploring how organizations that operate critical infrastructure, industrial control systems (ICS), and other operational technology (OT) systems are managing access and risk in an era of rising connectivity.
“Our world has become increasingly interconnected, and the findings of this report highlight the vital need for organizations to reevaluate and enhance their strategies for ensuring secure access into OT environments,” said Larry Ponemon, Chairman and Founder of the Ponemon Institute.
The report, “Managing Access & Risk in the Increasingly Connected Operational Technology (OT) Environment,” reveals that many industrial organizations lack the resources, expertise, and collaborative processes to effectively mitigate threats and ensure secure access to OT systems. The report is based on a survey of 1,056 security professionals across the United States and EMEA who work in organizations that run an OT environment and are knowledgeable about their organization’s approach to managing OT security and risk.
Ensuring secure access to OT environments is about more than just cybersecurity. These environments contain highly sensitive systems and critical infrastructure responsible for keeping manufacturing lines running, water and electricity flowing, and performing other tasks vital to the smooth functioning of our communities.
OT systems were historically isolated for security reasons but are now facing increased connectivity to IT networks and the internet (sometimes called IT/OT convergence). At the same time, more third-party vendors and contractors are being given remote access to OT environments. These shifts introduce serious new risks that can leave organizations exposed to safety and security threats if access and connectivity are not properly controlled.
Overall key findings include:
- Organizations allow dozens of third-party users to access OT environments. 73% permit third-party access to OT environments, with an average of 77 third parties per organization granted such access. Challenges to securing third-party access include preventing unauthorized access (44%), aligning IT and OT security priorities (43%), and giving users too much privileged access (35 percent).
- Visibility into industrial assets is dismal. 73% lack an authoritative OT asset inventory, putting organizations at significant risk.
- IT and OT teams share responsibility for OT security but do not communicate enough to achieve optimal outcomes. 71% report that IT or IT and OT together are responsible for securing OT environments. However, collaboration and communication are lacking, with 37% reporting little or no collaboration, and 19% reporting that teams talk about OT security issues only when an incident occurs.
- Security is seen not only as a goal of IT/OT convergence but also as an obstacle. Reducing security risk is the top objective of companies pursuing IT/OT convergence (59%), and yet one-third (33%) of organizations not pursuing convergence cite security risk as a top factor for their decision.
“We are at a crucial point in the evolution of OT security, and the need to secure access to critical systems from internal and external threats is more urgent than ever. The stakes are exceptionally high, as a breach could jeopardize not just data but also the functioning of critical infrastructure, risking the safety of workers and the environment,” said Joe O'Donnell, Executive Vice President of Corporate Development and General Manager of OT at Cyolo. “This research reveals a pressing need for new approaches, especially in areas like third-party and privileged access, the security of legacy systems, and collaboration between IT and OT teams. Cyolo is dedicated to supporting organizations in navigating these challenges and working towards a secure, resilient future for OT environments.”
Access the full report here.
Register to attend a joint webinar from Cyolo and Ponemon Institute, on Tuesday, March 12 at 11am ET here: Behind the Ponemon Report: Risk & Access Management in the OT Environment.
During this session Dr. Larry Ponemon will share top insights from the research, with industry analysis added by Cyolo’s Joe O’Donnell and Adi Karisik, Global Principal for OT Cybersecurity at Jacobs Engineering.
About Cyolo
Cyolo enables privileged remote operations by connecting verified identities directly to applications with continuous authorization throughout the connection. Purpose-built for deployment in every type of environment, Cyolo’s Remote Privileged Access Management (RPAM) solution combines multiple security functions required to mitigate high risk access, including zero-trust access for users and devices, MFA for the last mile, IdP capabilities, credentials vault, secure file transfer, supervised access, session recording, and much more into a single, cost-effective, easy to deploy, and user-friendly platform.
Consolidate your security stack and experience the power of seamless and secure operations across any application in any environment, from critical infrastructure to cloud. Visit https://cyolo.io/ to learn more.
About Ponemon Institute
Ponemon Institute is dedicated to independent research and education that advances responsible information and privacy management practices within business and government. Our mission is to conduct high quality, empirical studies on critical issues affecting the management and security of sensitive information about people and organizations. We uphold strict data confidentiality, privacy and ethical research standards. We do not collect any personally identifiable information from individuals (or company identifiable information in our business research). Furthermore, we have strict quality standards to ensure that subjects are not asked extraneous, irrelevant or improper questions.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240221222283/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Incyte Announces the European Commission Approval of Zynyz® (retifanlimab) for the First-Line Treatment of Advanced Squamous Cell Carcinoma of the Anal Canal (SCAC)6.3.2026 22:42:00 CET | Press release
- Zynyz® (retifanlimab) in combination with carboplatin and paclitaxel (platinum-based chemotherapy) is the first systemic treatment for adult patients with advanced SCAC in Europe- The EC approval is based on results of the POD1UM-303 study which showed that adult patients with advanced SCAC achieved significantly improved progression-free survival with Zynyz in combination with carboplatin and paclitaxel as a first-line treatment compared to chemotherapy alone.1 Incyte (Nasdaq:INCY) today announced that the European Commission (EC) has approved Zynyz® (retifanlimab) in combination with carboplatin and paclitaxel (platinum-based chemotherapy) for the first-line treatment of adult patients with metastatic or with inoperable locally recurrent squamous cell carcinoma of the anal canal (SCAC). “The EC approval of Zynyz marks an important step forward for patients with advanced SCAC, a rare cancer for which meaningful treatment advances have not occurred in several decades,” said Bill Meur
Dfns Launches Payouts6.3.2026 21:27:00 CET | Press release
Dfns today announced the launch of Payouts, a new API enabling institutions to convert stablecoins to fiat and route payouts across multiple bank accounts while keeping wallet-level governance and controls in place. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260305327930/en/ Convert stablecoins to fiat and settle payouts to bank accounts in 94 countries, today. Solving the problem of single-rail off-ramps Today, most fintechs and institutions still hard-wire a single payout provider into their stack, or rely on vertically integrated models that bundle routing, pricing, custody, and settlement together. That approach may be convenient early on, but it creates structural problems at scale: weak price discovery because there is no competitive pressure on margins, limited auditability because routing decisions are opaque, and operational fragility because a single provider degradation in any corridor requires architectural i
Klarna Group Plc Clarifies Mechanics of March 9 Lock-Up Expiration6.3.2026 20:23:00 CET | Press release
Klarna Group plc (NYSE: KLAR) today issues the following clarification to ensure investors and market participants have accurate information regarding the mechanics of its lock-up expiration on March 9, 2026, the processes required before pre-IPO shares can be traded on the NYSE, and the prior liquidity opportunities already available to shareholders. This release contains only factual descriptions of the Company's share structure and applicable processes. It does not constitute guidance or a projection of any kind regarding future trading volumes, share price, or the intentions of any shareholder and speaks only as of the date of this press release. 1. 335 million locked-up shares — but two different categories Of the 378 million total ordinary shares outstanding, approximately 335 million are subject to lock-up restrictions expiring March 9, 2026. However, these shares fall into two distinct categories governed by separate sets of regulations. A. 159 million shares (48% of locked-up
Lone Star Funds Announces Agreement to Acquire the Capsules & Health Ingredients Division of Lonza Group AG6.3.2026 18:30:00 CET | Press release
Lone Star Funds (“Lone Star”) today announced that an affiliate of Lone Star Fund XII, L.P. has entered into a definitive agreement to acquire the Capsules & Health Ingredients (“CHI”) division of Lonza Group AG. As part of the transaction, Lonza will retain a 40% equity position in the business. Headquartered in Basel, Switzerland, CHI operates globally across the Americas, Europe and Asia Pacific. The business comprises three segments: Hard Empty Capsules: leading global manufacturer of gelatin and plant-based capsules offering a broad range of innovative solutions for pharmaceutical and nutraceutical customers. Dosage Form Solutions: end-to-end development and manufacturing platform serving nutraceutical and pharmaceutical customers. Health Ingredients: provider of branded, science-backed nutrition ingredients serving joint health, energy and active lifestyle markets. Lone Star believes CHI is a high-quality, globally recognized platform with strong technical capabilities, different
Sutherland Launches FinAI Hub to Industrialize Agentic AI for Banking and Financial Services6.3.2026 14:00:00 CET | Press release
A domain-trained AI agent workforce enables production-scale AI across regulated financial institution operations Today, Sutherland announced the launch of Sutherland FinAI Hub, an enterprise Agentic AI platform built exclusively for Banking and Financial Services. As financial institutions accelerate AI adoption, many initiatives remain confined to pilots, unable to scale across legacy systems and core operations. Sutherland FinAI Hub is designed to help close that gap. FinAI Hub is an innovation ecosystem where Sutherland works with clients to design, prototype, and scale Agentic AI workflows across core operations. At launch, the platform brings together a large and expanding workforce of domain-trained AI agents purpose-built for financial institutions, supporting functions across retail banking, payments, cards, consumer and commercial lending, servicing, back office, risk and compliance functions. These modular agents can operate independently or be orchestrated across end-to-end
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom
