OT: The New IT Risk

May 28, 2021

The rise of ransomware has organizations rapidly committing resources to protect IT networks in the event of a cyber attack. While much of the focus has been on the interruption of computer systems, which affects all industries, there has been an increasing number of attacks targeting manufacturers and their underlying Operational Technology (“OT”) systems.

The recent attack on Colonial resulting in the pipeline being taken offline is just the latest example. While the Colonial ransomware incident did not directly affect its OT systems, they were forced to be taken offline out of an abundance of caution, disrupting gas supply all along the east coast. A cyber insurance policy with certain key amendments may be effective at responding to these types of attacks.

 

Download the full article to learn more about the risk exposure of an OT attack on your company.

 

 

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This article is intended for information purposes only. It is not a guarantee of coverage and should not be used as a
substitute for an individualized assessment of one’s need for insurance or alternative risk services, nor should it be relied upon as legal advice, which should only be rendered by a competent attorney familiar with the facts and circumstances of a particular matter. Copyright Beecher Carlson Insurance Services, LLC. All Rights Reserved.