Cybersecurity spending to reach $14 billion by 2022
In its “Critical Infrastructure Security: Transportation” report, ABI Research found that cyber-based vulnerabilities to the infrastructure of transportation will drive spending on cyber security to the amount $14 billion by 2022. Vulnerabilities caused by the transition from closed legacy systems that operate in siloed obscurity to open, modern platforms connecting to all kinds of assets will be the driver for enhancing security.
The company notes that industrial control systems (ICS) play a heavy role in transportation systems, and connecting these operational technologies (OT) will require stakeholders to develop and implement adapted cybersecurity technologies. According to the report:
- Roadways will account for the largest part of cybersecurity spending in the transport sector, with $5 billion estimated by 2022. This is due in large part to the V2X infrastructure that will be deployed for self-driving and connected vehicles.
- Aviation and railways will follow closely, with $3.9 and $3.5 billion, respectively.
- Maritime will account for the smallest share of spending at $1.4 billion.
"The new generation of ICS is Internet-enabled, using commercial off-the-shelf software and leveraging a range of non-proprietary protocols," said Michela Menting, Research Director at ABI Research. "They are increasingly automated, highly integrated, and interconnected with a vast range of different devices in both IT and OT. While the transportation sector places heavy reliance on functional safety and physical security, the cyber protection of connected OT is currently inadequate and will require some significant work."
Prior to connectivity, closed transportation systems did not necessarily need manufacturers or operators to apply digital security. But connectivity changes priorities, and security considerations are wide-ranging.
"Transport stakeholders will have to implement digital security if they want to successfully realize the efficiencies and cost savings that connected OT promises to deliver," concluded Menting. "This will require forethought, planning, and collaboration between cybersecurity experts and IT professionals, OT specialists, engineers, control system manufacturers, and process operators, within the modes, across the sectors, and with private and public stakeholders internationally."
Follow this link to review the “Critical Infrastructure Security: Transport” report.