Why is the manufacturing industry an easy target for cyberattacks?
The manufacturing industry has become a prime target for cyberattacks for several key reasons:
1. Complex IT and OT (Information technology and operational technology) connectivity: Manufacturing companies rely on various interconnected systems, both IT and OT, which can be easily exploited by hackers to infiltrate and disrupt the entire production chain. The constant operation of these systems often creates security vulnerabilities that are difficult to detect and manage.
2. High-value data and assets: Manufacturers possess vast amounts of valuable data, ranging from operational processes, supplier information, and customer details to business strategies. This data can be stolen or leaked, potentially damaging the company's reputation and relationships with clients.
3. Dependence on technology: Manufacturers increasingly use advanced technologies such as automation and cloud storage, expanding the attack surface and making them more visible and vulnerable to cybercriminals.
4. Low risk tolerance: Given the need for continuous production and strict operational processes, manufacturing companies cannot afford disruptions. Hackers exploit this vulnerability, applying pressure by attacking security gaps and causing potential delays or shutdowns in production.
5. Inconsistent investment in security across departments: Some manufacturing companies still view cybersecurity as solely the responsibility of the IT department, resulting in inadequate investment in network security for other departments like production and operations. This oversight creates multiple exploitable gaps, especially within OT systems.
How do cyberattacks affect the manufacturing industry?
Cyberattacks result in a series of severe consequences that affect both production operations and the reputation of businesses. A study by Make UK shows that production downtime is the most common consequence of a cyberattack (65%), followed by reputation damage (43%).
Here are the consequences of cyberattacks for the manufacturing industry:
- Production disruption: Attacks can halt production operations, causing time and productivity losses and affecting product quality.
- Financial losses: The costs of halted production, system recovery, and contract compensations can be very high and time-consuming.
- Loss of sensitive data: Data about production processes, partners, and customers can be stolen, posing significant risks.
- Damage to reputation: Production disruptions caused by cyberattacks lead to a loss of customer trust, resulting in long-term damage to the company’s reputation.
- Legal risks: Companies may face legal issues if they fail to comply with security regulations, causing leaks of customer information and data during cyberattacks.
How to protect manufacturing businesses from cyberattacks?
Given the potential damage that cyberattacks can cause to the manufacturing industry, proactively preventing and mitigating cyber threats is a priority and necessity for businesses. Here are some measures to protect manufacturing businesses from cyber threats:
1. Regular security assessments and audits
Conducting regular security configuration assessments is essential to check for vulnerabilities, ensuring the continuous and safe operation of systems.
2. Continuous monitoring and regular software updates
Regularly monitor the network and update software systems, enhancing information security monitoring. This helps detect and fix vulnerabilities early, minimizing the risk of cyberattacks.
3. Implement robust security solutions
Develop and enforce specific security policies for manufacturing businesses, including access management, data protection, and incident response protocols in case of an attack.
4. Use specialized security software
Advanced security solutions such as firewalls, intrusion detection systems (IDS), and anti-malware software help prevent external attacks. Specifically, protecting Industrial Control Systems (ICS) is crucial as these systems are highly vulnerable.
See More: Comprehensive Security Solutions and Services from HPT
5. Employee training
People are the most critical link in cybersecurity. Companies need to organize training sessions to equip employees with security knowledge, such as identifying phishing emails, protecting personal information, and recognizing signs of a cyberattack.
6. Implement two-factor authentication (2FA) and data encryption
Using strong authentication methods like 2FA and data encryption helps enhance security and reduce the risk of unauthorized access. Yubikey is a leading hardware 2FA option to protect sensitive accounts and data.
7. Collaborate with cybersecurity experts
If your company doesn't have a dedicated cybersecurity team, consider partnering with experts from reputable and professional cybersecurity service providers to continuously monitor and secure your network systems, ensuring the safety of your business's information.
HPT is proud of its many years of experience in the field of Information Security, with a team of highly experienced consultants always ready to provide top-tier security solutions and services to protect your business from dangerous cyber threats.