As more advanced technology makes its way into manufacturing- especially through IoT and cloud-based applications- manufacturers need to be fully educated on cyber risks, security and solutions.
From Infor's Manufacturing Matters Blog:
10 cyber risk precautions for manufacturers
Cyber security and risk management are important to manufacturers, but challenging to address. There are no easy answers to this growing concern.
Manufacturers must take a holistic view, starting with becoming educated about the risks and possible solutions. To help companies understand what can do about cyber risk, Deloitte and Manufacturers Alliance for Productivity and Innovation (MAPI) released the Cyber Risk in Advanced Manufacturing study.
“Given the highly connected environments manufacturers work in, and the pace of technological change they face, cyber risk is a top-of-mind industry issue. In fact, nearly half of the executives we surveyed lack confidence they are protected from external threats, and it is increasingly important for organizations to assess their organization’s risk profile and preparedness in the event of a breach or cyber attack,” the study reports.
An article by MAPI says, “Study results indicate nearly 40% of surveyed manufacturing companies were affected by cyber incidents in the past 12 months, and 38% of those impacted indicated cyber breaches resulted in damages in excess of $1 million.”
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