Sponsored by
FortinetOver the past eight months, our data indicates that the US manufacturing sector has been the primary target of cyberattacks, followed closely by business services and construction. Ransomware groups frequently target multiple sectors to cause widespread disruption and chaos (SOURCE:
Threat Intelligence Report). For example, organizations in the manufacturing sector paid the requested ransom more often than those in other industries. And the amount requested was also typically higher—in fact, in 25% of breaches among manufacturing companies, the demanded ransom was $1M or higher. The industry’s willingness to pay is understandable given that their cost of downtime is so high. And adversaries demand more from these enterprises because they know the companies can pay
(SOURCE:
The 2023 Global Ransomware Report). Organizations that reported taking a best-of-breed point product approach to security were the most likely (67%) to fall victim to ransomware, while those that consolidated technologies to take a platform-driven approach were least likely (37%) to be breached. During this session, our panel of asset owners and suppliers will discuss how to mitigate risk through a platform-approach to security to protect manufacturers from a production shutdown impacting revenue and reputation.
