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Securityintelligence
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Addressing growing concerns about cybersecurity in manufacturing
- Manufacturing is increasingly reliant on modern technology, ICS, IoT devices and OT, expanding the cyberattack surface making them vulnerable to cyberattacks.
- According to a report, the average total cost of a data breach in the industrial sector reached $5.56 million, showing an 18% increase for the sector.
- Ransomware is one of the most prevalent forms of cyberattacks in the manufacturing industry, causing severe financial and reputational damage, supply chain chaos, production delays, and lost revenue.
- Intellectual property theft is another major concern for manufacturers. Cyber criminals often target proprietary designs and trade secrets to gain economic or strategic advantages.
- Third-party suppliers or partners can lead to supply chain attacks, which can have a cascading effect across the entire production line. This interconnectedness makes the industry particularly susceptible to large-scale attacks.
- To mitigate risks, manufacturers should establish strong cybersecurity frameworks that govern all aspects of their operations, conduct regular security audits, implement robust incident response plans, and have a continuous employee training program.
- Regularly updating IoT devices and firmware, segmenting and air-gapping networks, investing in advanced threat detection, and having backup and disaster recovery planning are other measures that manufacturers can implement.
- Security Information and Event Management (SIEM) systems, such as IBM Security QRadar on Cloud technology, deployed as SaaS, can provide real-time visibility into network activity.
- ANDRITZ, a leading industrial plant provider, adopted a comprehensive approach to cybersecurity. In less than six months of deploying Managed Security Services (MSS), they had a new and comprehensive security services solution.
- Manufacturers must adopt proactive cybersecurity measures to protect their systems and data, leveraging new technologies securely, while ensuring they mitigate new risks.
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