Cybersecurity
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Dangerous Disruptions: 3 Ways Manufacturers Can Harden Their Operations

by
Forbes
October 19, 2022
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Summary

The manufacturing industry is at an all-time high for cyberattacks. These attacks can have devastating consequences on a business' data security and bottom line. With an increase in connectivity comes increased cybersecurity risks. Now is the time to implement new safeguards on technology.

Cyberattacks on manufacturing can have devastating consequences—the time to safeguard your operational technology is now.

When hackers infiltrate a casino through an IoT fish tank thermostat, it’s sobering—but it’s admittedly easy to chuckle at or at least admire the ingenuity of the hack.

Replace “casino” with “airplane manufacturer” or “pharmaceutical production facility” or “nuclear power plant,” though, and no one will be laughing.

Manufacturing is more vulnerable than ever to cyberattacks. In fact, it recently gained the dubious distinction of being the most targeted sector, according to IBM Security. The consequences of a cyberattack can be dire, and not just economically.

Stopped production on a factory floor can cost SMEs $300,000 per hour, and even more for large manufacturers, according to research by ITIC. Ransomware attacks can take factories down for a week or more. In plenty of cases, cyberattacks on manufacturing entities can cause environmental disaster or loss of life.

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Forbes
Forbes

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