Amid the turmoil of recent years, where the manufacturing sector has played a pivotal role in maintaining social and economic stability during a time of unprecedented stress, some opportunistic bad actors have seen a fertile ground for profit.
Ransomware attacks on organizations globally increased by 105% globally in 2021. During this time, manufacturing suffered the brunt of the activity – assuming Financial Services’ position as the ‘most attacked’ industry – as cyber criminals sought to exploit supply chain vulnerabilities and weaknesses exposed by companies undergoing a rapid, though often uneven digital transformation process.
These attacks are unlikely to abate in the immediate future. The costs and barriers of executing a cyber attack, whether seeking to disrupt operations, steal valuable information or extort the company, are so low that the malicious actor need only keep replicating a proven exploit over and over until they are successful. The onus is therefore on manufacturing leaders to elevate their organization’s security threshold to reduce the surface available to cyber attackers.