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Manufacturing Technology Insights | Friday, November 30, 2018
The application of connected devices in the manufacturing industry has only recently become popular. Implementation of these technologies: AI, machine learning, and the cloud, has effectively increased productivity across the industry. However, with the convenience presented by the very same technology, manufacturers are subject to several cybersecurity threats.
Cloud computing has enabled manufacturers to control their devices over the internet. These remotely controlled devices, or connected devices, are what Chris Morales, head of security analytics, Vectra, a world leader in AI cybersecurity threat detection, feels mildly insecure about. He says the problem with IoT devices is that manufacturing is just beginning to grasp the scale of connectivity and how simple it is to infiltrate industrial networks.
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Also See : Top Cyber Security Companies
Manufacturers initially did not consider themselves as targets of cyberattacks owing to the fact that they don’t handle large volumes of online transactions, nor do they have databases filled with the details of millions of customers. But the devices in the industry are well connected today, and transmit information back and forth fervently. Attackers have begun hacking manufacturing companies to obtain Intellectual Property (IP), such as a company’s trade secrets. This information can be held ransom, or sold to competitors.
Cyberattacks in manufacturing can present itself in many forms, one of which is Botnets. Botnets infiltrate a manufacturer’s network through internet connected devices and controls a manufacturing device through malware. If these botnets are not discovered, they can disrupt a company’s manufacturing process, leading to faulty products, downtime, and product recalls. This costs companies quite a pretty penny.
In the hopes of avoiding such situations, to say companies have invested heavily in cybersecurity would be an understatement. Over the next four years, manufacturers are estimated to invest $1 trillion toward cybersecurity and the cybercrime cost to company is set to reach $6 trillion annually according to a recent report by Cybersecurity Ventures.
Manufacturers can take certain risk assessment steps to manage cybersecurity threats. Consulting and implementing the U.S. NIST cybersecurity framework for manufacturing helps drastically reduce cybersecurity threats as its risk assessment is very comprehensive and methodical. Information circulated in the manufacturing industry is just as valuable as any other industry to cyber attackers. Manufacturers should prepare for the changes in cybersecurity and be able to predict its future trends.
Check Out: Cyber Security Review Magazine
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