"Inadequate Cybersecurity Investments Leave Rail Industry at Risk"

With the emergence of connected online systems and the convergence of Operational Technology (OT) and Information Technology (IT) systems, network and data-sharing security between IT and OT systems is becoming an integral part of safety, creating new market opportunities in the rail, freight, and transit industries. However, if security steps are not taken to secure data flows between the two domains, this increases complexity, interconnectedness, and cyberattacks. ABI Research predicts that between 2022 and 2027, OT and IoT spending in the rail industry would account for an average of 7.65 percent of total cybersecurity spending in the sector and will reach $300 million globally by 2027. Michael Amiri, Senior Industrial Cybersecurity Analyst at ABI Research, emphasizes that, due to geopolitical tensions and hacker operations, the rail industry should actively engage with cybersecurity vendors to find better solutions for vulnerabilities in their ecosystem, as opposed to waiting for relevant solutions to emerge. This article continues to discuss the importance of the rail industry working closely with cybersecurity vendors and regulatory requirements increasing spending on OT and IoT cybersecurity. 

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