In 2018, there were 52 significant, publicly reported breaches in the manufacturing sector, in which attackers targeted information pertaining to intellectual property.
The global manufacturing industry is being shaken by a revolution in technology. Cyberattacks are actively targeting the sector, yet the maturity of cyber defense responses is lagging compared to other highly targeted sectors, like healthcare and banking.
This technological sea change—driven by Industry 4.0, the industrial internet of things (IIoT) and the need to address operational technology (OT) security—is putting significant pressure on chief information security officers (CISOs) to rapidly assess risks and put in place strategic programs to defend against ever-increasing threats.
We surveyed 211 organizations across six industries and 27 countries for our State of Cybersecurity 2019 report—to get a thorough understanding of the current state of cybersecurity worldwide. This article focuses on the data we gathered from organizations in the manufacturing space, and highlights trends in cybersecurity throughout the industry.
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The manufacturing sector is at an inflection point as it responds to the revolution in technology, and its impacts on the industry’s previous modus operandi. Industry 4.0 and Smart Factory production, alongside the development of IIoT solutions, will shape the future of the manufacturing sector.
Success for these new business operating models is underpinned by effective cybersecurity and data privacy. Establishing an accelerated and sustainable approach to delivering the fundamentals of cyber hygiene is necessary to protect core business. Failure to do so will negatively impact consumer and institutional confidence, and fundamentally weaken future trading capability and position in the marketplace.
2019/2020 is likely to see an era of unprecedented cybersecurity investments across the manufacturing sector as organizations play catch-up, and seek to rapidly address current shortcomings and future risks.
To learn more about cybersecurity trends across this and other industries, read our full report.