Cybersecurity in Manufacturing
MAPI reports that 40 percent of manufacturing firms have experienced a cyberattack in the past year. Among those, 38 percent sustained damage exceeding $1 million.
The rise of digital technologies in different industries brings a new level of cyber risks. While medical facilities, financial institutions, and retail chains have been facing risks of cyber threats, the manufacturing industry spent the last decade unaware of the probability of cyberattacks.
Growth in Manufacturing Results in New Cyber Threats
In the last decade, the manufacturing industry was connected with the network of a single organization, and they had no connection with the outside world. But with the evolution of technology, manufacturers are forced to leverage connectivity in a wide variety of ways.
Manufacturing companies are no longer confined to old trends and making significant shifts in robust advanced technologies. In an interconnected digital environment, cybercriminals could gain access to entire systems at any point in the network.
Automated manufacturing systems produce huge amounts of valuable data. The enormous size of the industry makes it incredibly vulnerable to cyberattacks. There are approximately 1200+ known problems and vulnerabilities related to OT systems according to CISA’s list. A rapidly increasing number of advanced technologies and digitization have changed the threat landscape for manufacturing industry systems.