Cybercriminals are continuing to target manufacturers of every size and category. Last year, the manufacturing industry experienced the fourth-largest number of cyber incidents, with only the public administration, information, and finance industries experiencing more activity.1 As much as 96% of cybercriminals who targeted manufacturers were financially motivated, looking for a large cash payout.
Such motivation makes the manufacturing industry an especially attractive target for ransomware attacks because manufacturers often pay the ransom to minimize any disruption to their operations. After all, even a small amount of downtime for a manufacturer can stop the production line and interrupt the supply chain. In addition, many manufacturers work with legacy systems that provide ease of use but can’t be properly patched or updated, leaving them vulnerable to an attack.
As a manufacturer, you may know these challenges and recognize that protecting your operation from disruption is a constant endeavor. But with the right people, technology, and policies in place, you’re more likely to find and fix vulnerabilities, detect and thwart threats, and avert disaster. Navigating your cyber risks isn’t necessarily easy, but you don’t have to do it alone. This eBook can help you cut through the clutter, complexity, and confusion.
In the next five chapters, we’ll explore the five key components of a sound cybersecurity framework for manufacturers based on the NIST Cybersecurity Framework.2 And we’ll cover industry best practices and solutions like risk management, incident response planning, and managed detection and response (MDR) — tools you can use to build an effective, practical threat management strategy.