Cybersecurity in Mining - Thematic Research
Summary
Cybersecurity is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks. Cyberattacks are frequent and increasingly complex, perpetrated by those furthering a geopolitical cause or attackers intent on making money. Global cybersecurity revenues are headed for strong growth in the first half of the 2020s, increasing from $125.6 billion in 2020 to $198.0 billion by 2025. In the mining vertical, global cybersecurity revenues have similarly seen steady growth from $1.6 billion in 2020 to $2.5 billion by 2025.
For an industry that is becoming increasingly interconnected, the growing focus on cybersecurity in mining comes as no surprise. The IoT sensors, augmented reality (AR) devices, autonomous vehicles, and drones that improve mining operations are equally capable of halting activity if they fall prey to cyberattacks. The operational technology (OT) networks of mining operations are particularly vulnerable to cyberattacks due to their lower security maturity than corporate networks. As such, mining companies leading in cybersecurity will adopt a host of the latest cybersecurity solutions, establish clear data security practices, and have contingency plans for potential threats.
Scope
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