Transportation to spend $14 bn on cybersecurity due to digitization

Helsinki Bus Transportation, FinlandTransportation segment is expected to spend $14 billion on cybersecurity by 2022 due to digitization of operational technologies, said ABI Research report on Cybersecurity spending.

Roadways, which will account for the largest part of cybersecurity spending in the transport sector, will be spending $5 billion on cybersecurity solutions by 2022 — mainly due to the deployment of V2X infrastructure for self-driving and connected vehicles.

ABI Research predicts that Aviation will be spending $3.9 billion on cybersecurity.

Railways will be spending $3.5 billion on cybesecurity. Maritime will account for the smallest share of spending at $1.4 billion.

From fully automated trains, and eEnabled aircrafts, to self-driving vehicles and smart vessels, ABI Research believes all modes are undergoing profound change to optimize transport, cut costs, and enable an automated and connected service-based industry.

Industrial control systems (ICS) play a heavy role in transportation systems and connecting these operational technologies (OT) will require stakeholders to develop and implement cybersecurity technologies.

“The new generation of ICS is Internet-enabled, using commercial off-the-shelf software and leveraging a range of non-proprietary protocols,” said Michela Menting, research director at ABI Research.

ICS are increasingly automated, highly integrated, and interconnected with different devices in both IT and OT. ABI Research said the cyber protection of connected OT is currently inadequate and will require some significant work in the area of cybersecurity.

Cybersecurity technology vendors for transport operators include Alcatel-Lucent Enterprise, Lynx Software Technologies, NCC Group, RAD Data Communications, RazorSecure, Telefonica, ThetaRay, and Waterfall Security.