Financial impact from severe OT events could top $300B

The global financial impact from catastrophic cyber events that disrupt operational technology could near $330 billion on an annual basis, according to a report that industrial cybersecurity firm Dragos and professional-services firm Marsh McLennan released.

The cost of business interruptions in such a scenario would exceed $172 billion, according to the report. Those estimated losses are based on a so-called 1-in-250-year tail event and factor in global supply-chain impacts and other related events. 

Dragos researchers say the indirect losses, including the impact from disrupting normal operations, are the concerns that many companies fail to account for. 

Read more at Cybersecurity Dive