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Home News

Manufacturing Cyber Threats Rise

May 30, 2024
Reading Time: 3 mins read
in News
Manufacturing Cyber Threats Rise

The manufacturing sector faces escalating cyber threats, according to the latest IBM X-Force report. Highlighting the sector as the most-targeted industry for three consecutive years, the report underscores the urgent need for enhanced cybersecurity measures within manufacturing facilities. With over 25% of security incidents attributed to manufacturers, the prevalence of malware attacks, particularly ransomware, poses significant risks to the sector’s operations and resilience.

Basic security practices play a crucial role in mitigating cyber risks, as evidenced by the report’s findings. Shockingly, 85% of incidents targeting critical infrastructure organizations could have been prevented through measures like patching, multi-factor authentication, and least-privilege principles. This underscores the importance of prioritizing fundamental security measures to safeguard manufacturing environments against evolving cyber threats.

Cybercriminals are increasingly exploiting valid accounts to gain unauthorized access to enterprise environments, with 42% of cyberattacks in the United States attributed to this tactic. For manufacturers, credential harvesting emerges as a major threat vector, emphasizing the need for robust identity-based security measures. As threat actors continue to innovate and leverage AI for identity-based attacks, manufacturers must strengthen their cyber defenses through thorough security assessments, AI-enabled behavioral analytics, and multi-factor authentication for users.

Looking ahead, the challenges posed by cyber threats are expected to persist and escalate, necessitating proactive measures to fortify cybersecurity defenses. By conducting thorough security checkups, stress-testing environments for vulnerabilities, and leveraging AI-driven technologies, manufacturers can enhance their resilience against cyber threats and safeguard their operations in an increasingly digital landscape.

Reference:
  • Manufacturing Sector Faces Escalating Cyber Threats
Tags: Cyber NewsCyber News 2024Cyber threatsIBMmanufacturingMay 2024
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