The Latest Cybersecurity In The Industrial Industry Statistics Explained
40% of all cyber attacks on industrial enterprises in 2019 came from the internet.
The statistic ‘40% of all cyber attacks on industrial enterprises in 2019 came from the internet’ indicates that a significant portion of cyber attacks targeting industrial businesses during that year originated from online sources. This suggests that the internet was a common vector utilized by threat actors to infiltrate industrial networks and compromise sensitive information or disrupt operations. As industrial enterprises increasingly rely on digital technologies and interconnected systems, the prevalence of cyber attacks underscores the importance of strong cybersecurity measures to protect against online threats and safeguard critical infrastructure. This statistic highlights the need for industrial businesses to prioritize cybersecurity investments and strategies to mitigate the risks associated with cyber attacks originating from the internet.
In 2020, there was a 44% increase in ICS vulnerabilities disclosed, a key factor in industrial cybersecurity.
The statistic indicates that in the year 2020, there was a significant 44% increase in the number of vulnerabilities related to Industrial Control Systems (ICS) that were publicly disclosed. This increase is crucial in the context of industrial cybersecurity as ICS vulnerabilities can potentially expose critical infrastructure and industrial systems to cyber threats, leading to operational disruptions, safety risks, and economic losses. The rising number of disclosed vulnerabilities emphasizes the importance of proactive measures and robust cybersecurity practices to safeguard these critical systems from cyber attacks and ensure the stability and resilience of industrial operations.
The average cost of a data breach in industrial companies is $5.2 million.
The statistic “The average cost of a data breach in industrial companies is $5.2 million” signifies the average financial impact that industrial companies face when their sensitive information is compromised. This figure reflects the cumulative expenses such as remediation efforts, legal fees, regulatory fines, customer compensation, and damage to reputation incurred as a result of a data breach. The substantial cost underscores the significant repercussions of insufficient cybersecurity measures and highlights the critical importance for industrial companies to invest in robust data protection strategies to mitigate financial losses and safeguard their assets.
23% of incidents involved operational technology systems in manufacturing companies.
The statistic ‘23% of incidents involved operational technology systems in manufacturing companies’ indicates that approximately a quarter of all incidents reported by manufacturing companies are related to their operational technology systems. This suggests that operational technology systems are a significant area of vulnerability within the manufacturing sector, with potential risks stemming from malfunctions, cyber threats, or other operational issues. By identifying and addressing the root causes of these incidents, manufacturing companies can improve the reliability and security of their operational technology systems, ultimately enhancing their overall operational efficiency and productivity.
Nearly 70% of energy distribution companies cite intrusion and cyber attacks as their highest single risk.
The statistic that nearly 70% of energy distribution companies cite intrusion and cyber attacks as their highest single risk highlights the significant concern within the industry regarding cybersecurity threats. This indicates that the majority of energy companies perceive cyber attacks as the most pressing risk they face, potentially due to the increasing digitization of operations and the critical role of energy distribution infrastructure. These findings suggest that energy companies are recognizing the vulnerability of their systems to cyber threats and the potential consequences of a successful breach, emphasizing the importance of implementing robust cybersecurity measures to protect against such risks and ensure the reliability and security of energy supply and distribution networks.
Only 18% of industrial companies have a fully integrated cybersecurity approach.
This statistic can be interpreted as concerning, as it suggests that a significant majority (82%) of industrial companies do not have a fully integrated cybersecurity approach in place. A fully integrated cybersecurity approach typically involves comprehensive strategies, protocols, and technologies to protect sensitive data and systems from cyber threats. The low percentage of industrial companies with such an approach may indicate gaps in their cybersecurity defenses, leaving them vulnerable to cyber attacks that could potentially disrupt operations, compromise data, and incur financial losses. This statistic underscores the importance of prioritizing cybersecurity measures within industrial companies to safeguard their operations and assets from evolving cyber threats.
More than 50% of U.S. industrial control system computers suffered cyber attacks in the first half of 2020.
The statistic “More than 50% of U.S. industrial control system computers suffered cyber attacks in the first half of 2020” indicates that a significant portion of critical infrastructure in the United States was targeted by cyber attacks during that period. Industrial control systems are crucial for the operation of various sectors including energy, water, and transportation, making them prime targets for malicious actors seeking to disrupt operations or steal sensitive information. This statistic highlights the pressing need for robust cybersecurity measures in place to safeguard these systems against potential threats and underscores the increasing risks posed by cyber attacks on critical infrastructure.
73% of companies in the industrial sector identified cyber attacks as a major risk.
The statistic ‘73% of companies in the industrial sector identified cyber attacks as a major risk’ indicates that the majority of companies operating within the industrial sector perceive cyber attacks as a significant threat to their business operations. This finding highlights the growing awareness among industrial businesses of the potential impact of cyber attacks on their systems, data, and overall security. As technology continues to play an increasingly pivotal role in industrial processes, it is crucial for companies to recognize and address the risks posed by cyber attacks in order to safeguard their operations and assets against potential breaches and disruptions.
90% of surveyed utility executives said their companies lacked adequate cybersecurity skills.
The statistic that 90% of surveyed utility executives said their companies lacked adequate cybersecurity skills indicates a significant concern within the utility industry regarding the ability to effectively protect against cyber threats. This high percentage suggests that a majority of utility companies may be vulnerable to cyber attacks due to a shortage of qualified personnel with the necessary skills to secure their systems and data. This finding highlights a critical need for investments in cybersecurity training and resources within the utility sector to mitigate potential risks and safeguard critical infrastructure from cyber threats.
By 2021, cybercrime was expected to cost the world $6 trillion annually.
The statistic suggests that in the year 2021, cybercrime was anticipated to impose a financial burden of $6 trillion on a global scale each year. This substantial figure highlights the significant economic impact of cybercrime, indicating the magnitude of financial losses incurred by individuals, businesses, and governments due to malicious online activities such as hacking, data breaches, and fraud. The statistic serves as a stark reminder of the growing threat posed by cybercriminals and the importance of investing in cybersecurity measures to protect against potential financial losses and safeguard sensitive information.
In 2020, the industrial sector experienced a 2000% increase in cyber incidents.
The statistic stating that the industrial sector experienced a 2000% increase in cyber incidents in 2020 signifies a substantial escalation in the number of cyber attacks targeting industrial systems within that year. A 2000% increase implies that the number of cyber incidents in 2020 was twenty times higher than in the previous year. This significant surge in cyber incidents highlights the growing vulnerability of industrial systems to cyber threats and emphasizes the urgent need for enhanced cybersecurity measures within the industrial sector. Such a sharp increase could have severe implications for the operational and data security of industrial organizations, emphasizing the critical importance of investing in robust cybersecurity strategies to safeguard critical infrastructure and mitigate cyber risks effectively.
In 2020, manufacturing was the industry most targeted by ransomware attacks.
The statistic that in 2020, manufacturing was the industry most targeted by ransomware attacks indicates that the manufacturing sector experienced a higher frequency of cyberattacks compared to other industries. Ransomware attacks involve malicious software that threatens to publish or block access to a victim’s data unless a ransom is paid. The fact that manufacturing was the most targeted industry suggests that cybercriminals identified vulnerabilities within the sector’s digital infrastructure, making it a prime target for such attacks. This statistic underscores the importance of enhancing cybersecurity measures within the manufacturing industry to protect sensitive data, intellectual property, and operational processes from potential cyber threats.
According to Kaspersky, in H1 2021, cyber-attacks on Industrial Control Systems (ICS) affected 33.4% of the computers.
The statistic provided by Kaspersky states that in the first half of 2021, approximately 33.4% of the computers operating Industrial Control Systems (ICS) were impacted by cyber-attacks. This figure highlights a significant threat to critical infrastructure and industrial operations, as cyber-attacks on ICS can potentially disrupt essential services and pose a risk to public safety. The high percentage of affected computers underscores the importance of robust cybersecurity measures and awareness within industries that rely on ICS to safeguard against malicious cyber threats.
Approximately 80% of surveyed businesses expect to feel the impact of a cyber incident in the next two years.
The statistic “Approximately 80% of surveyed businesses expect to feel the impact of a cyber incident in the next two years” indicates the widespread concern among businesses regarding the potential consequences of cyber threats. This high percentage suggests that most businesses are aware of the growing risk of cyber incidents and anticipate that they will likely experience some form of negative consequences within the next two years. This statistic highlights the increasing importance of cybersecurity measures and the need for businesses to prioritize safeguarding their digital assets to mitigate the potential impacts of cyber incidents on their operations, finances, and reputation.
Old infrastructure and outdated security measures make 62% of manufacturing firms extremely vulnerable to cyber threats.
The statistic indicates that approximately 62% of manufacturing firms are at a high risk of cyber threats due to the presence of old infrastructure and outdated security measures in their systems. This vulnerability could stem from a variety of factors such as running legacy systems, using outdated software, or failing to implement effective security protocols. As manufacturing firms increasingly digitize their operations and connect their processes to the internet, the reliance on outdated technology exposes them to potential cyber attacks, which could result in data breaches, disruptions in production, or financial losses. It underscores the critical need for these firms to prioritize upgrading their infrastructure, improving their cybersecurity measures, and implementing regular security updates to protect against evolving cyber threats.
56% of manufacturing companies in the U.S. expect cybersecurity breaches to increase in the next 12 months.
This statistic indicates that a majority (56%) of manufacturing companies in the United States anticipate an increase in cybersecurity breaches over the next year. This insight suggests a significant level of concern within the industry regarding the vulnerability of manufacturing companies to cyber threats. Such expectations may influence these companies to enhance their cybersecurity defenses and invest in preventative measures to mitigate potential breaches. The statistic also highlights the growing recognition of cybersecurity as a critical risk factor that organizations need to address proactively to safeguard their operations, data, and reputation.
The manufacturing sector suffered one-third of attacks throughout all industries in 2020.
The statistic “The manufacturing sector suffered one-third of attacks throughout all industries in 2020” indicates that out of all cyberattacks that occurred across various industries in 2020, approximately 33.3% were targeted towards companies within the manufacturing sector. This statistic highlights the vulnerability of the manufacturing industry to cyber threats and the importance of implementing robust cybersecurity measures to protect sensitive data, intellectual property, and operational systems. The high percentage of attacks on the manufacturing sector emphasizes the need for increased awareness, investment, and vigilance in safeguarding against cyber threats in this particular industry.
In 2020, remote mechanization saw an increase of 27% in the manufacturing sector due to the COVID pandemic; this also opened up for more cyber risks.
In 2020, the manufacturing sector experienced a significant 27% increase in remote mechanization, likely in response to the COVID-19 pandemic that necessitated physical distancing measures and remote work arrangements. While this shift towards remote mechanisms may have increased operational efficiency and flexibility for manufacturing companies, it also brought about new challenges in the form of cybersecurity risks. Increased reliance on digital technologies and remote access points created vulnerabilities that could potentially be exploited by cyber threats, highlighting the importance of implementing robust cybersecurity measures to safeguard sensitive data and operations in the evolving manufacturing landscape.
Industrial companies’ security incidents can cost between $1 million and $10 million per incident.
This statistic indicates that security incidents within industrial companies have the potential to incur significant financial costs, ranging from $1 million to $10 million per incident. These costs likely stem from various factors such as operational disruptions, data breaches, equipment damages, and potential legal liabilities. Given the high value of assets and critical operations within industrial sectors, the financial impact of security incidents can be substantial and have far-reaching consequences on the company’s reputation, customer trust, and overall business sustainability. Therefore, it is crucial for industrial companies to invest in robust cybersecurity measures to minimize the risk of such incidents and protect their assets and operations from financial losses.
Conclusion
By examining the statistics surrounding cybersecurity in the industrial industry, it is clear that there is a growing need for enhanced security measures to protect critical infrastructure against cyber threats. Organizations must prioritize investing in robust cybersecurity defenses and implementing proactive strategies to safeguard their operations from potential attacks. Only by staying vigilant and proactive can the industrial sector continue to thrive in an increasingly digital world.
References
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