The new CDV Cybersecurity Readiness Index measure for manufacturing and critical infrastructure environments is equivalent to FICO scores for finance.
— Dino Busalachi, CTO and co-founder of Velta Technology
ST. CHARLES, MISSOURI, USA, November 15, 2022 /EINPresswire.com/ — Velta Technology, an industry leader in digital security for industrial environments, has developed a Connected Device Vulnerability Index (CDV) that measures the relative security status of all connected devices in an industrial environment. The CDV Index quantifies and assesses an industrial facility’s preparedness, resilience, risk, and progress in resolving digital incidents, threats, and compromises that can negatively impact production, operations, environment and human life.
With the Connected Device Vulnerability Index (CDV), Velta Technology can now provide companies with a metric that can help managers and insurers better understand the extent of their factory’s OT digital security and cyber readiness. “A CDV index provides a measure of certainty for insurers similar to a FICO score for lenders transacting financially. The CDV index provides a real-time, up-to-date, current measure – removing false positives related to CVEs” , says Dino Busalachi, CTO and co-founder of Velta Technology.
“The CDV Index enables companies to understand and track their digital security performance and identify where improvements are needed,” said Craig Duckworth, president and co-founder of Velta Technology. “This service creates data-driven metrics to prove to insurance companies and senior management, whether proper due diligence has been performed by taking the necessary steps to protect industrial control systems and organizations from adverse events. over time.”
US Treasury Department estimates over $1 billion of damages that occurred in 2021 as a result of ransomware-related transactions. Additionally, a recent Gartner report states that 75% of CEOs will be held accountable for cybersecurity incidents by 2024.
An organization’s CDV Index can serve as an ongoing benchmark measurement to help monitor the safety of industrial facilities and critical infrastructure equipment over time and potentially help defend liability claims. This KPI-like metric is crucial to ensuring companies remain diligent in their efforts to secure industrial equipment and stay safe in an increasingly digital world.
For more information, please contact us or visit Velta Technology online.
About Velta Technology
Velta Technology specializes in digital security and cybersecurity for the industrial space. They understand industrial assets and infrastructure and bridge the gap between industrial IoT and OT/IT convergence. The Velta Technology team is made up of multidisciplinary experts in industrial manufacturing and critical infrastructure. They understand the differences between industrial and IT infrastructures and the tools needed to secure them. They partner with the world’s leading industrial solution providers, enabling them to integrate digital security solutions, expertise and tools with existing technologies. To learn more, visit www.veltatech.com