Manufacturing

The risks are greater in that the manufacturers depend mostly on systems and networks that lack robust cyber defenses.

This sector is more susceptible to cyber crimes because companies in manufacturing have not fully realized the importance of cyber security. They are not fully ready and equipped to cope with an attack; cyber criminals know this.

Implementation of more IoT smart manufacturing technology that connects to the internet = more cyber vulnerabilities will be exploited by companies engaging in industrial espionage around the world.

 21% of manufacturers have suffered a loss of intellectual property in cyber attacks, while more than 90% of material stolen by cyber spies has been classified “secret” or “proprietary”.  

 Hackers realize the value, vulnerability and sensitivity of the manufacturing sector.