Manufacturing the Number One Target for Cyber Criminals

August 22, 2024 | New cyber threat intelligence reports reveal that manufacturing is the most targeted industry for cyber threats. Critical Start’s Cyber Threat Intelligence Report indicates nearly 400 confirmed ransomware and database leak incidents in the first half of 2024, with attacks exploiting supply chain vulnerabilities.

A recent attack on Crown Equipment disrupted operations, highlighting the industry’s risk. Phishing remains the most common attack method, as seen in the $60 million loss suffered by European chemical maker Orion SA due to a phishing scheme.

IBM X-Force’s 2024 report corroborates these findings, stating manufacturing has been the most targeted sector in Asia Pacific for two consecutive years, accounting for over a quarter of all security incidents. Experts stress the importance of robust cybersecurity measures as a competitive advantage in the manufacturing sector.

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