With manufacturing cybersecurity threats on the rise, what should companies know about protecting their digital assets in the future?
Risks to Security in Manufacturing
The number of ransomware incidents involving the manufacturing sector increased 156% between the first quarters of 2019 and 2020. Later in 2020, ransomware actors demanded $17 million from a laptop maker and $34 million from a Taiwanese electronics contract company.
Ransomware isn’t the only threat to manufacturing cybersecurity. Where there’s ransomware, there’s almost always phishing. One campaign that targeted manufacturers, among others, was part of a larger effort to target the COVID-19 vaccine cold chain.
The issue with both ransomware and phishing is digital attackers can use these threats to steal their victims’ data. Malicious actors could compromise a manufacturer’s customer database and leverage those details to conduct follow-up attacks, such as manufacturing data breaches. Or, they could establish a foothold within the network and use that access to scout it out. They could then choose to sell that opening to a competing group, criminal enterprise or nation-state actor. They also could use it to conduct an attack of their own that could compromise business processes.
IT-OT Convergence’s Role in Security Risks
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