GLOBAL INDUSTRY FACES AN ARMS RACE OF CYBERSECURITY RISKS

Duelling AI bots, rogue avatars, and digital warfare are just some of the most shocking global cybersecurity events to expect in 2023, say industry experts

WRITTEN BY: GEORGE HOPKIN

Industrial cybersecurity is among the most critical issues facing large and small organisations today. With the increased connectivity of industrial systems to the internet, the threat of cyber-attacks has become an ever-present danger. As a result, organisations must take the necessary steps to ensure their systems remain secure and their data protected.

The money involved is significant –a recent report from Meticulous Research revealed that the global industrial cybersecurity market is expected to be worth US$49.53bn by 2030, according to the report, Industrial Cybersecurity Market by Component, Security Type, End User and Geography Global Forecast to 2030, which attributes the market's growth to the rising demand for advanced cybersecurity solutions, increasing cybersecurity threats and the emergence of disruptive digital technologies.

The report notes that small and medium-sized enterprises (SMEs) are becoming increasingly vulnerable to cybercrime. The adoption of connected