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Cyber-Physical System (CPS) Security As manufacturing, healthcare, and transportation industries become more digitized, the integration of cyber-physical systemslike smart grids, industrial control systems, and IoT devicesis growing. In 2025, securing these cyber-physical systems will be crucial for preventing major disruptions.
Arthur Laudrain, Strategic Analyst (Cyber Program), The Hague Centre for Strategic Studies. In 2023, we might see a slight decline in ransomware attacks, reflecting the slowdown of the cryptocurrency markets. Yet, in addition to cyberinsurance, companies will need a designated DR or RR (Rolling Recovery) plan.
The rise of cyberinsurance – Underwriters will sell more cyberinsurance policies for businesses and government agencies such as schools, hospitals and utilities. Insurance companies may guide their policyholders to pay ransoms, as this is generally cheaper than having to recover from a ransomware attack.
For access to the decryption key, the victim must make prompt payment, often in cryptocurrency shielding the attacker’s identity. Increased attacks on individuals with high net value and Internet of Things (IoT) devices ( McAfee ). Attackers will inform the victim that their data is encrypted.
Cyber-Physical System (CPS) Security As manufacturing, healthcare, and transportation industries become more digitized, the integration of cyber-physical systemslike smart grids, industrial control systems, and IoT devicesis growing. In 2025, securing these cyber-physical systems will be crucial for preventing major disruptions.
Victims pay ransomware adversaries for decryption keys through cryptocurrency, such as Bitcoin. Some can’t afford not to pay, and some are covered by cyberinsurance. Should I get a ransomware cyberinsurance policy? Many organizations have used cyberinsurance to recover from ransomware attacks.
CISA adds two F5 BIG-IP flaws to its Known Exploited Vulnerabilities catalog Threat actors actively exploit F5 BIG-IP flaws CVE-2023-46747 and CVE-2023-46748 Pro-Hamas hacktivist group targets Israel with BiBi-Linux wiper British Library suffers major outage due to cyberattack Critical Atlassian Confluence flaw can lead to significant data loss WiHD (..)
IoT botnets will make dystopian paranoia seem normal. IoT will continue to grow exponentially. In 2020 there will be somewhere around 20 billion IoT devices in use around the world. Cryptocurrency miners will continue to get rich off of stolen electricity. You’re going to have personal cyberinsurance.
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