IOT
“ No business can afford to ignore this issue — failing to get this right could cost the manufacturing industry billions ”
STEPHEN PHIPSON
“ In my experience , it is possible — indeed , likely — that malware is present in your legacy infrastructure , just waiting for the right time to strike ,” says Keiron Holyome , Vice President of UKI , Middle East & Africa at BlackBerry . “ Today ’ s sophisticated threats are not deterred by outdated antivirus and firewall protection . The threat landscape in the sector is expanding — and fast — because of ‘ smart ’ and connected manufacturing , which economies-of-scale demand . However , this growth of the industrial IoT increases potential cyber risk , as well .”
An added risk for companies has been the need to speed up the adoption of digital processes to boost production in today ’ s challenging economic climate . This increase in the implementation of tech solutions at the heart of production operations has increased the emphasis on cybersecurity within businesses , with 95 % of companies reporting that cybersecurity is a necessary function of their operations .
The Make UK report noted that targeted attacks are the most common , with operational disruption the most frequent result of a cyber incident . Reputational loss is the second most significant issue for companies , with customers looking for evidence of cyber protection .
76 February 2023