TECHNOLOGY
“ Migrating to the cloud and embracing a smart factory mindset has highlighted pressing cybersecurity issues , which is an evolving area and must consistently be at the forefront ,” adds Bono .
“ Whether it is an enhanced digitalcustomer experience or the option to work remotely , the increasing presence of digital has altered almost every aspect of our personal and professional lives . We have grown accustomed to the newfound ease and flexibility that comes with digital enhancements but need to keep in mind the risks associated with it as well ,” continues Bono .
“ Much of the industry continues to practice ‘ just-in-time ’ manufacturing which allows little room for error , further emphasising the need for cyber-protected digital assets . The recent Suez Canal blockage halted global trade , and companies faced the financial impact of catching up to demand . A cyber attack against the entire company would be much more costly .”
The average time from intrusion to detection of a cyber-criminal is
56 days
792,000
incidents with a reported loss of over
US $ 4.1bn
in 2020 ( 69 % increase compared to 2019 )
There were
2,474
Ransomware attacks documented in 2020
Steve Gansen , Sales Business Development Manager for Manufacturing Industry at Cisco discussing the FBI report on cyber attacks between 2019 and 2020
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