Risks of Cyber Security in Manufacturing
- Intellectual Property Theft: Cyber espionage that steals intellectual property can provide rivals an unfair commercial or economic edge, especially if the attacks are sponsored by a nation-state. The persons who acquire stolen intellectual property may utilize it or resell it. The possibility that intellectual property theft may happen in the defense industry makes the situation much more dire.
- Social Engineering Attacks: Manufacturing is extremely vulnerable to social engineering and phishing attacks, especially in light of the COVID-19 pandemic’s quick and broad adoption of remote work. Cybercriminals may utilize this data to enter manufacturing companies’ networks without authorization.
- Supply Chain Attacks: Long supply networks characterize a typical industrial company. A supply chain attacks has the ability to cause significant disruptions to several activities. Because manufacturing companies typically have dispersed security, hackers don’t anticipate a coordinated reaction to their attacks. Unnoticed attacks have the potential to cause chaos and confusion, which can result in significant losses and damages.
- Ransomware; Because ransomware uses phishing as a channel to encrypt business-critical data and demand payment for the decryption key, ransomware poses a major danger.In every firm, downtime equals money, but the manufacturing industry may feel this the most.
Cyber Security in Manufacturing
Cybersecurity in manufacturing is the function of cybersecurity techniques and solutions to safeguard industrial technology from cyberattacks. Historically, compared to other businesses, especially those with rapid technology turnover, manufacturing, and other industrial sectors have not been as vulnerable to cyberattacks. As a result, companies in this sector need to invest more in cybersecurity, implementing both novel strategies created to address the unique difficulties of the industrial environment and tried-and-true methods from IT cybersecurity.
Manufacturers must adopt a strategy that goes beyond conventional IT security concepts and solutions to meet that objective. Manufacturers need to implement security principles specifically designed for CPS since ransomware outbreaks are still stopping assembly lines, rogue insiders are remotely changing settings to jeopardize production, and other attacks that take advantage of security flaws in CPS are still happening.