Small to mid-size businesses are being beset on all sides by risks such as the potential of a failing economy and overseas competitors. These risks are not new, but one risk is on the horizon that manufacturers may not be considering — cybersecurity risk. The barrage of cybersecurity activities facing today’s manufacturers starts with the relatively straightforward ransomware and phishing risks that face all organizations to the highly complex threats that directly target automated steps within your manufacturing process. Fifty percent of manufacturers polled in a recent survey noted that they have fallen victim to at least one data breach in the prior twelve months, a breathtaking figure for manufacturers that highlights the importance of proactive protection for your business. While threats increase with higher degrees of automation, there’s little doubt that manufacturers are in the crosshairs of cybercriminals.
Specific Cybersecurity Threats to Manufacturers
The costs of a data breach or other significant cybersecurity event continue to rise, with experts estimating that the cost of these cybercrimes will impact the global economy to the tune of $6 trillion by 2021. This includes the cost of everything from remediation after an attack to lawsuits, lost productivity and the need to update security measures. What’s truly frightening is that the scale has escalated so dramatically in recent years, with the global cost doubling since 2015. Manufacturers are particularly vulnerable to new types of attacks that have an Internet of Things (IoT) connected device as the entry point for hackers. These digital technologies are more tightly entwined with manufacturing processes, making it profitable for competitors to use these devices to target the gathering of intellectual property or even introducing errors or inefficiencies to the processes of competitors.
Protecting Your Manufacturing Business
Keeping your business safe from the various threat vectors isn’t going to happen overnight. It takes a significant amount of planning and implementation to ensure that your business stays secure. With co-managed IT services, you’re able to address these solutions more quickly than you could with internal assets alone. Insulating your organization against growing cyber threats starts with:
- Robust antivirus and anti-malware solutions
- Email and website filtering services
- Cloud-based backup and disaster recovery processes for data and business systems
- WiFi and wired network security procedures
- Active monitoring with UTGs Security Operations Center (SOC)
- Behavior monitoring and analysis
- Comprehensive compliance support
Creating a secure infrastructure for your business requires active engagement by your internal IT team, business users and your co-managed IT services team.
At United Technology Group, protecting your business systems and data is our prime directive. We work with manufacturers of all sizes to ensure that your cybersecurity initiatives are up-to-date and fully deployed — and that your team is ready to activate and respond to a threat at a moment’s notice. See why hundreds of businesses have leveraged our industry-leading co managed IT services to improve operations and efficiency when you contact us at 678-730-0345 to claim your free initial consultation.