Historically, the financial services sector has been the most attacked by cybercriminals. Still, in 2021 there was a substantial shift, and a different industry ranked at the top for the first time – the manufacturing industry.
For the second year in a row, manufacturing was the top-attacked industry according to IBM’s X-Force Threat Intelligence Index.
Recent reports cite over half of all manufacturers in Britain succumbing to cybercrime in the last two years. While 39% of UK businesses reported suffering a cyber-attack in 2022, with data breaches costing companies an average of $4.35 million. So, it’s a case of not if, but when will you be attacked – and how prepared is your business to foil an attack or recover from a breach?
Currently, the risks are evolving just as rapidly and cleverly as the remediations and technical controls that counteract the advances of criminal opportunists. Technological acceleration is shaping manufacturing into a new normal of automation and digitalisation, a change known as the Fourth Industrial Revolution (4IR). Industries with Operational Technologies (OT) networks – including mining, utilities, and oil and gas, with their…
