No industry is immune to cyber attacks. According to the 2017 IBM X-Force Threat Intelligence Index, the manufacturing sector was the second highest industry that experienced cyber attacks in 2016. The recent WannaCry ransomware attack is just one revelatory example of rising cyber crimes and the increasing velocity, magnitude, and scope with which hackers carry out their craft.
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This past October, a major DDoS attack occurred which put many popular websites such as Netflix, PayPal and Reddit out of service. A Distributed Denial of Service attack, or DDoS, occurs when multiple systems flood the bandwidth or resources of a targeted system, usually one or more web servers. Such an attack is often the result of multiple compromised systems (for example, a botnet) flooding the targeted system with traffic.
These attacks aren’t limited to major websites, either. Anybody can be a target.
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As manufacturing companies are becoming increasingly interconnected, the risks to their production systems, confidential data and supply chain are growing exponentially larger. Cybersecurity should be a concern for every manufacturer.
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Is cybersecurity something you need to worry about as a small manufacturer? In 2011 50 percent of small businesses thought they were too small to be a hacker target, while the Verizon 2013 Data Breach Investigations Report found that 62 percent of breaches impacted smaller organizations. In 2011 the average cost to a small or medium-sized business from a cyber-attack was over $188,000.
Topics: Manufacturing, Cybersecurity
