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Manufacturers Utilize Outdated Technology. Many manufacturers rely on out of date technology and systems to achieve their operational goals.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.
The pandemic has made it clear that every practice must be proactive in identifying efficiencies to ensure it can thrive in the good times and endure through crisis. Whether your specialty is medical or dental, here are nine ways to build greater …
Mnuchin and Powell agree, more aid needed. Stimulus bill unlikely before election. New York points to the rich to fund COVID hole. IRS looks closer at high net worth individuals. Scientists reveal not all rats like to be tickled.
In this episode of The Art of Dental Finance and Management, Art visits with Daniel Larsen, principal product manager from Henry Schein One about five areas in your practice that should be automated, but likely are not.
Each month, we strive to bring you the hacks, vulnerabilities and challenges of securing your daily habits and work environment. This brief is intended to help you make sense of the ever-changing world of cybersecurity so you can avoid similar scenarios.
Final bonus depreciation regs. COVID relief hopes dim. Extenders again. Disaster scam warnings. Conservation easement syndications roar along. Wealth and the tax law. Tip your attorney. The wonders of Chicagohenge.