Manufacturing is Risky Business

by Chris Talipsky 1. July 2016 09:26
Financial services, healthcare, and retail industry cybersecurity issues have been attracting the most headlines, but these are not the only industries facing significant cybersecurity attacks and breaches. In what may be a surprise to many people, manufacturing was the 2nd most targeted industry in 2015, according to IBM, behind only financial services. Indeed, as more manufacturing processes and infrastructure integrate technology, the more open they become to cyber attacks. And though manufacturing breaches may have flown under the radar for the general public, manufacturers are becoming increasingly aware of the looming cyber threat. In a recent manufacturing risk survey commissioned by BDO, 92% of manufacturers cite cybersecurity concerns, a 44% increase from 2013. According to Shahryar Shaghaghi, National Leader, Technology and Advisory Services at BDO, “all it takes is one weak link in the security chain for hackers to access and corrupt a product feature, an entire supply chain or a critical piece of infrastructure.” This vulnerability is illustrated by another finding of the survey: only 8% of manufacturers felt capable of preventing a breach. As a result, cyber risk management strategies are increasingly focused on response and resiliency, not just on prevention.