Michael M. Amiri

Michael M. Amiri

Senior Analyst

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Topics Covered

Industrial Data Security: Protecting Intellectual Property

Michael M. Amiri In The News

HelpNet Security (2023-02-09)
ABI Research forecasts that OT and IoT spending in the rail industry between 2022 and 2027 represents an average of 7.65% of total cybersecurity spending in the sector and is set to hit $300 million globally by 2027. “This is in line with overall average levels of 3-5% OT cybersecurity spending in the industrial sector. Still, the rail sector’s high level of OT-IT convergence and the extended nature of its networks mean that more precautions should be taken to maintain OT integrity. Exclusively relying on average OT cybersecurity spending growth is not enough to ensure secure networks, especially given the sector’s OT spending was globally a meager $123 million in 2022,” explains Michael Amiri, Senior Industrial Cybersecurity Analyst at ABI Research. “The disparity indicates higher OT cybersecurity risks in the future if rail operators do not increase OT security budgets.”
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Transport Security International (2023-02-08)
ABI Research, a global technology intelligence firm, forecasts that OT and IoT spending in rail between 2022 and 2027 represents an average of 7.65% of total cybersecurity spending in the sector and is set to hit US$300 million globally by 2027. “This is in line with overall average levels of 3-5% OT cybersecurity spending in the industrial sector. Still, the rail sector’s high level of OT-IT convergence and the extended nature of its networks mean that more precautions should be taken to maintain OT integrity. Exclusively relying on average OT cybersecurity spending growth is not enough to ensure secure networks, especially given the sector’s OT spending was globally a meager US$123 million in 2022,” explains Michael Amiri, Senior Industrial Cybersecurity Analyst at ABI Research. “The disparity indicates higher OT cybersecurity risks in the future if rail operators do not increase OT security budgets.”
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Enterprise IoT Insights (2022-12-15)
Most IP is stored as IP-rich data on various cloud and edge platforms. Theft of corporate IP via cyberattacks on company networks costs the US economy alone between $225 billion and $600 billion annually, says ABI Research. A 53 percent CAGR rise in global IoT connectivity in the manufacturing sector clearly expands the volume and variety of attack vectors for cyber criminals. How the doubling-of-risk to IP secrets is calculated is not explained. Michael Amiri, senior industrial cybersecurity analyst at ABI Research, with a new report on the subject, said: “Companies with higher R&D spending should be especially vigilant. A few clicks can neutralize many years of costly research to [achieve a] first-mover advantage… Industry 4.0 [brings] opportunities and threats… Manufacturing IoT connections increase exposure to IP theft by contributing to more points of entry and expanding the attack surface.”
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