Ransomware Hits Critical Infrastructure Hard, Costs Adding Up

The financial impact of a cyber attack targeting a cyber-physical system (CPS) can reach up to $1 million, as affected organisations struggle with revenue loss, recovery costs, and employee overtime.

According to a new Claroty survey of 1,100 security professionals involved in OT, IoT, BMS, and IoMT (connected medical devices), about 45% of organizations suffered losses of $500,000 or more over the past year, while 27% disclosed losses of $1 million or more.

Read more at Security Week.