ST. CHARLES, MO—Velta Technology, a leader in digital safety for industrial environments, has developed a Connected Devices Vulnerability (CDV) Index that measures the relative security status of all connected devices within an industrial environment.
The CDV Index quantifies and evaluates an industrial facility’s preparedness, resiliency, risks and progress in addressing digital incidents, threats and compromises that can negatively impact production, operations, the environment and human life.
With the CDV Index, Velta Technology can now provide businesses with a metric that can help managers and insurers better understand the full scope of their plant’s OT digital safety and cyber preparedness. “A CDV Index provides a measurement of certainty for insurers similar to a FICO score for lenders. The CDV Index provides a real time, up-to-date and current measurement, removing false positives relating to common vulnerabilities and exposures,” says Dino Busalachi, chief technology officer and co-founder of Velta.
The U.S. Treasury Department estimates more than $1 billion in damages occurred in 2021 stemming from ransomware-related transactions. Moreover, a recent Gartner report states 75 percent of CEOs will be held liable for cybersecurity incidents by 2024.An organization’s CDV Index can serve as an ongoing benchmark measurement to help monitor plant floor and critical infrastructure equipment safety over time and potentially help defend liability claims.