Cybersecurity
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DYNICS Industry Insights: The Importance of Risk Analysis

by
Dynics
March 26, 2024
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Summary

NIST’s updated Cybersecurity Framework broadens its scope beyond infrastructure to include the role of executives in keeping a cybersecure organization. Learn more about what this entails in this thought leadership piece by DYNICS.

The US National Institute of Standards and Technology (NIST) just released an updated draft of its Cybersecurity Framework (CSF), which expands on the original’s mission to provide critical infrastructure operators with much-needed cybersecurity guidance. While still emphasizing critical infrastructure, the latest edition is more encompassing of all sectors and organizations and offers a greater focus on including executives and C-suite in cybersecurity planning. Although it is always an important time to revisit and enhance cybersecurity practices, this update comes at a particularly interesting point in which nation-led and OT threats are escalating. In this month’s insights, we take a look at how best to handle these challenging trends.

RECENT CYBERSECURITY THREATS

Leading up to the CSF release, the Biden administration announced a collection of actions – including an executive order – assembled to better protect the cybersecurity of U.S. ports. Not only is this move essential because of the money that flows into the country’s economy from ports, but because there is growing concern over access to the systems that they rely on to function.

According to CNBC, data shows that “80 percent of the cranes moving trade at U.S. ports are made in China and use Chinese software, leading to concern that the cranes could be used in Chinese surveillance.” This adds onto the case already building around Chinese cybersecurity action. A recent intelligence advisory revealed that hackers backed by China have been accessing U.S. critical infrastructure for years. For instance, a group known as Volt Typhoon has been taking advantage of vulnerabilities in routers, firewalls and VPNs to infiltrate operators spanning fields such as water, transportation, and energy. (If you’re interested in learning a bit more on this, read our latest Industry Brief.)

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Dynics
Dynics

DYNICS traces its beginnings to 1988 with the founding of Ann Arbor Technologies. Established in 1997, DYNICS has 20 years of experience creating quality industrial hardware, data acquisition and visualization software, along with OT Cybersecurity solutions for the industrial marketplace. Dynics proudly designs and builds industrial hardware in our state-of-the-art manufacturing facilities in the United States, and develops software and OT cybersecurity solutions from our headquarters in Ann Arbor, Michigan. Our products are proudly MADE IN AMERICA.

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