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Nearly half of UK manufacturers hit by cyber attacks could be US

CyberWisdom Safe Harbor Commentary

According to an industry organization report, nearly half of British manufacturers were hit by cyber security incidents. The report calls for the government to pay more attention to the specific security needs of the industry.

A survey shows that about 48% of British manufacturers admit that they sometimes encounter cyber security incidents, half of which are affected by economic losses or business interruption.

“According to the investigation report released by the manufacturer’s organization EEF in cooperation with insurance companies,” there is no doubt that more attacks have not been discovered and that manufacturers’ network-related risks will only deepen and expand as digitization increases. ” AIG and the Royal United Services Institute (RUSI).

Of the nearly 170 British manufacturing companies surveyed, 91% invested in digital technology, and 35% of respondents believe that cybersecurity loopholes are preventing them from fully implementing this.

“This shows that opportunities have been missed and some companies have fallen behind in the digital competition. The result cannot be said that Britain has been out of the vanguard of excellence in manufacturing,” the report said.

In the entire manufacturing industry, the report stated that the level of network security maturity is “very different” from the awareness of network security challenges and the implementation of appropriate risk mitigation measures.

More than a quarter of the 10 manufacturers believe that they are unable to obtain sufficient information to assess their specific risks in confidence, and 45% are not sure whether they are prepared for the right tools.

According to the report, 12% of the manufacturers surveyed were “worrying about the big” without any process measures to mitigate the threat. Only 62% of respondents stated that they trained employees in cybersecurity, and 34% said that They did not provide cybersecurity training, and 4% said they did not know.

“This must change. Need to pay special attention to the needs of our industry, recognize that a one-size-fits-all approach to business is not enough, it is equally important that comprehensive security can not be a dedicated area for large enterprises that can withstand customized terminals. Peer protection.

The report stated that there is a need for provable cyber security protection measures that are increasingly necessary for operating in a commercial environment, and 59% of manufacturers report that they have been required by customers to prove or guarantee the robustness of their network – security Process, 58% said they have asked the same business in the supply chain.

According to the report, 37% of manufacturers stated that if they are required to do this today, the business will become increasingly challenging.

“However, although some manufacturers are just at the beginning of their cybersecurity journey, as this report shows, wise precautions and appropriate cybersecurity business plans are achievable. These measures will provide companies with the confidence to invest in digitalization. And the credibility of being a trusted supplier operating in the industry, “said the report.

According to Digital Guardian Director of Cyber Security, Tim Bandos, manufacturing companies are among the most popular targets for cybercriminals, based on a large amount of confidential information they have.

“The increase in cyber attacks against manufacturing can be attributed to increasing financial incentives for state-sponsored hackers. Typically, government-funded organizations target manufacturers’ networks to steal intellectual property (IP) and trade secrets. Data or more specific intellectual property is the lifeblood of this industry and it must be protected accordingly, “he said.

David Emm, the chief security researcher at Kaspersky Lab, said that the world is not yet ready for cyber attacks on critical infrastructure. “But the attackers are ready and able to launch an attack on these facilities – as the trend of the manufacturing industry has been attacked.

“We have seen attacks on power grids, oil refineries, steel mills, financial infrastructure, seaports and hospitals – these organizations have discovered and recognized the attacks. But more companies do not, and the lack of reports of these attacks hampers Risk assessment and response to threats.

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Some 48% of UK manufacturers admit they have at some time been subject to a cyber security incident, with half of them suffering financial loss or disruption to business as a result, a survey shows. Security technologist Bruce Schneier’s insights and warnings around the regulation of IoT security and forensic cyber psychologist Mary Aiken’s comments around the tensions between encryption and state security were the top highlights of the keynote presentations at Infosecurity Europe 2017 in London. You forgot to provide an Email Address. This email address doesn’t appear to be valid. This email address is already registered. Please login. Engaging post, Read More…

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