Craig Duckworth and Jim Cook discuss the critical yet often overlooked topic of budgeting for operational technology (OT) cybersecurity. Throughout their discussion, they address the challenges and necessities of securing funding from executive teams, framing the conversation around liability, risk management, and the dire need for strategic investment to safeguard critical infrastructure. They highlight the nuanced divide between IT and OT responsibilities and emphasize the vital role of clear communication in making cybersecurity a top priority for corporate budgeting. By exploring real-world scenarios and the potential consequences of neglecting cybersecurity in OT, this episode serves as a compelling call to action for organizations to reassess their approach to cybersecurity funding and strategy, ensuring they are adequately prepared to handle emerging threats in an increasingly connected world. Chapters: 00:00:00 - Welcome to Velta Technology: Introductions and Today's Focus00:01:31 - Navigating the Budget Cycle for OT Cybersecurity00:02:11 - Bridging the IT-OT Divide: Whose Responsibility Is Cybersecurity?00:04:51 - Building the Business Case for OT Cybersecurity Funding00:09:49 - Understanding the Real-World Impacts of Cybersecurity Failures00:11:43 - Strategies for Addressing OT Cybersecurity: From Awareness to Action00:16:03 - Leveraging Technology and Building Capability for Cybersecurity00:20:58 - Making the Case to Executives: Risk Management and Cybersecurity Insurance00:22:41 - Exploring Options and Taking Action Against Cybersecurity Threats00:28:12 - Navigating Cyber Insurance: Adjusting to New Realities in Risk Coverage00:33:37 - Concluding Thoughts: The Importance of Starting Cybersecurity Initiatives Links And Resources: Velta TechnologyDino Busalachi on LinkedInJim Cook on LinkedInCraig Duckworth on LinkedIn Thanks so much for joining us this week. Want to subscribe to Industrial Cybersecurity Insider? Have some feedback you’d like to share? Connect with us on Spotify, Apple Podcasts, YouTube, and Google Podcasts to leave us a review!