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3 in 4 are fearful that cyber attacks could damage their country’s economy: Honeywell survey

Zafirah Salim | Nov. 13, 2014
Those in India (92 percent) and Japan (89 percent) are found to be the most worried about these cyber attacks, whereas Russians (53 percent) expressed the least concern.

75 percent of respondents said that they are fearful that cyber hackers are carrying out attacks on major industries and sectors of the economy in their countries, according to findings of a recent study by Honeywell Process Solutions (HPS).

The online study polled over 5,000 people - aged 16 to 64 - across 10 countries, including Australia, Mexico, Russia, Brazil, China, India, Japan, the United Arab Emirates, Great Britain and the United States.

The study also revealed that 36 percent of the respondents do not believe that it is possible to stop all the cyber attacks. Additionally, four in 10 of them said they are not sure how well their government or private industrial sectors are able to defend against cyber hackers, including 10 percent who are not at all confident.

Those in India (92 percent) and Japan (89 percent) are found to be the most worried about these cyber attacks, whereas Russians (53 percent) expressed the least concern.

"These survey results are not surprising in light of the recent cyber attacks that have made headlines in several areas around the world," said Jeff Zindel, leader of HPS' Industrial Cyber Security business. "The impacts of these attacks, as well as others that have not been publicly reported, have cost companies and governments billions of dollars through operational issues and loss of intellectual property."

In its media statement, HPS also revealed that it will establish the Honeywell Industrial Cyber Security Lab near Atlanta, Georgia at the end of this year. It explained that the lab will expand the company's research capabilities as well as accelerate proprietary research and development of new cyber technologies and solutions.

 

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