A recent study found that nearly 40 percent of manufacturers and distributors don’t have a cybersecurity plan. This statistic is incredibly alarming given the vast number of types of cyber attacks occurring in the business world today.

Manufacturers specifically are at high level of cyber risk. A few reasons why include:

  • Manufacturers Utilize Outdated Technology. Many manufacturers rely on out of date technology and systems to achieve their operational goals. Legacy computer systems and old machinery can make prime targets for various types of cyber attacks.
  • Cyber Risks Don’t Happen Overnight. You could already have a hacker in your midst. Studies have found that hackers spend, on average, 200 days in your system before they are discovered. Sometimes, all they want is an email address. Because they’ve spent time in your system, they can send emails that look like they came directly from you. This dangerous practice can lead to a huge cyber (and financial) risk, if not detected.
  • The Cyber Risk in Your Intellectual Property. Manufactures rely on their trade secrets, family recipes and build lists. While valuable to you, this intellectual property (IP) means big money to hackers. Without cybersecurity awareness and proper controls in place, a manufacturer could find their IP stolen before they even know it’s gone.

Are you part of the 40% without a plan?
Learn more about the impact of cyber risk on manufacturers

These reasons and many more are why it’s vital your manufacturing entity has an open conversation about cybersecurity awareness. A strong cybersecurity and incident response plan is critical to your business and protecting what you’ve worked so hard to build.

October is Cybersecurity Awareness Month. Learn more about how cybersecurity can affect your organization and protect yourself from potential threats.

4 Steps to Improve Your Cybersecurity

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