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    1. Cybersecurity

    Recent Honeywell report states that operational cybersecurity a top priority

    Sept. 21, 2021
    The survey found that more than 1 in 4 surveyed facility managers have experienced a cyber breach of their OT systems in the last 12 months
    Related To: Honeywell Building Solutions
    Honeywell Protecting Ot In Facilities From Cyber Threats Report Final 1 Page 8 614a37ec158e2
    ATLANTA, Aug. 25, 2021 /PRNewswire/ -- According to a report released today by Honeywell (Nasdaq: HON), improving cybersecurity for operational technology (OT) systems ranks as one of the top priorities for surveyed facility managers over the next 12 to 18 months. This is likely because more than 7 in 10 (71%) of surveyed facility managers consider OT cybersecurity a concern or worry. Moreover, respondents cite OT cybersecurity as the building improvement that would provide the greatest benefit to their stakeholders.
    Honeywell Protecting Ot In Facilities From Cyber Threats Report Final (1) Page 8

    This report, "Protecting Operational Technology in Facilities from Cyber Threats: Constraints and Realities," the third in Honeywell's 2021 Building Trends series, introduces the challenges, priorities and assessments of surveyed facility managers in the United States, Germany and China across the education, healthcare, data center and commercial real estate industries. The survey findings indicate that facility managers recognize the potential threat of an OT cyberattack and acknowledge the importance for building occupants.

    Surprisingly, only 44% of respondents currently have a cybersecurity solution in place to protect their OT systems from potential threats. Furthermore, only one-third (33%) plan to invest in OT cybersecurity products over the next 12 to 18 months.

    OT systems monitor, control and protect processes, equipment and operational environments. Within a building, assets such as HVAC, building management and security systems can all be entry points for bad actors if not properly protected.

    "Conversations about cybersecurity often focus only on IT and safeguarding data and assets, but OT cybersecurity is just as critical when you think of the potential effects. Imagine an entire data center team being denied building access or a hospital that can't properly manage airflow in critical areas," said Mirel Sehic, global director cybersecurity, Honeywell Building Technologies. "A building's OT environment should be monitored and maintained as rigorously as an IT system, but oftentimes the importance of practicing strong cyber and digital hygiene in OT systems is overlooked and underfunded."

    The survey found that more than 1 in 4 surveyed facility managers (27%) have experienced a cyber breach of their OT systems in the last 12 months, and 66% of respondents view managing OT cybersecurity as one of their most difficult responsibilities.

    COVID-19, among other drivers, has prompted many respondents to adjust their near-term priorities. A majority (56%) are currently more willing to invest in safety-focused solutions (including OT cybersecurity) than they were before the onset of the pandemic.

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    "While the survey findings indicate that facility managers understand the importance of OT cybersecurity, they lack sufficient, consistent investments to fully protect their buildings and assets," Sehic said. "The impact of cyber incidents can go beyond financial loss; operational and reputational damage can be equally critical, if not more so. As more building owners understand the potential effect of an OT attack on operations and infrastructure, facility managers will be in a better position to make smart buying decisions and heighten cyber resilience across OT environments."

    To view the full report, please visit Protecting Operational Technology in Facilities from Cyber Threats: Constraints and Realities.

    Methodology The Honeywell survey was conducted online by KRC Research (http://www.krcresearch.com/) among facility managers in three markets: United States, Germany and China.

    About Honeywell Building Technologies Honeywell Building Technologies (HBT) is transforming the way every building operates to help improve the quality of life. We are a leading building controls company with operations in more than 75 countries supported by a global channel partner network. Commercial building owners and operators use our hardware, software and analytics to help create safe, efficient and productive facilities. Our solutions and services are used in more than 10 million buildings worldwide.

    Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom