U.S. manufacturers have been the most targeted industry for ransomware attacks for the past two years, with spending an average of $1.82 million per attack in 2023. This has stimulated the need for a holistic approach to cybersecurity in the sector. Five key everyday challenges faced include: the adoption of the Industrial Internet of Things (IIoT), a shortage of skilled cybersecurity professionals, supply chain vulnerabilities, bridging the IT-OT gap and a constantly evolving cyber threat landscape. Thus, manufacturers are considering and adopting cyber insurance and are heavily suggested to develop Secure Defensible Architectures in order to ensure all supply chains are tied to trustworthy nodes. The power of Public-Private Partnerships in addressing cyber threats in manufacturing has also emerged as they pool resources, knowledge, and expertise.
The Rise of Cybersecurity Platforms
A survey by Omdia has revealed a growing trend among cybersecurity leaders to decrease their reliance on multiple security products in favour of cybersecurity platforms.
