The Latest Cybersecurity In The Plastic Industry Statistics Explained
More than 50% of manufacturers have experienced some form of cybersecurity incident.
The statistic “More than 50% of manufacturers have experienced some form of cybersecurity incident” signifies that over half of all manufacturing companies have encountered a breach, attack, or security incident related to their digital systems and information. This suggests a widespread vulnerability within the manufacturing sector, with cyber threats posing a significant risk to the industry as a whole. Such incidents can range from malware infections and data breaches to ransomware attacks and system intrusions, highlighting the pressing need for enhanced cybersecurity measures and vigilance within the manufacturing sector to protect sensitive data, intellectual property, and operational processes from potential cyber threats.
Only 37% of manufacturers think their organization is protected from cyber threats.
The statistic that only 37% of manufacturers believe their organization is protected from cyber threats suggests that a significant majority of manufacturers in the industry lack confidence in their cybersecurity measures. This low level of perceived protection indicates a potential vulnerability to cyber attacks, which could have serious consequences on the company’s operations, finances, and reputation. It highlights the urgency for manufacturers to invest in robust cybersecurity measures, such as updating software, implementing firewalls, providing employee training, and conducting regular security assessments, in order to safeguard their operations and data against cyber threats.
Cybersecurity market in the manufacturing industry was valued at $5.5 billion in 2020.
The statistic indicating that the cybersecurity market in the manufacturing industry was valued at $5.5 billion in 2020 highlights the significant investment and importance placed on securing digital assets within that sector. With the increasing digitization of processes and adoption of advanced technologies such as the Internet of Things (IoT) and smart manufacturing systems, manufacturing companies are recognizing the critical need to protect their data, infrastructure, and intellectual property from cyber threats. This substantial market value underscores the growing awareness and prioritization of cybersecurity measures in the manufacturing industry to safeguard against potential breaches and disruptions that could have far-reaching implications on operations, reputation, and overall business continuity.
The cybersecurity market in manufacturing is projected to reach $12.92 billion by 2027.
The statistic indicates that the cybersecurity market within the manufacturing industry is expected to grow significantly and reach a value of $12.92 billion by the year 2027. This projection suggests a growing awareness and investment in cybersecurity measures by manufacturing companies to protect their sensitive data and critical infrastructure from cyber threats. The increasing digitization and interconnectedness of manufacturing systems have raised concerns about cybersecurity vulnerabilities, prompting organizations to allocate resources towards enhancing their cybersecurity defenses. The projected market value reflects the importance placed on safeguarding manufacturing operations against potential cyberattacks, thereby driving the market growth in cybersecurity solutions tailored for the industry.
40% of manufacturers have no incident response plan for a cyber-attack.
The statistic that 40% of manufacturers do not have an incident response plan for a cyber-attack indicates a concerning lack of preparedness within the industry. An incident response plan is essential for effectively and efficiently mitigating the impact of a cyber-attack, including minimizing disruption to operations, protecting sensitive data, and maintaining customer trust. Without a plan in place, manufacturers are vulnerable to potentially devastating consequences such as financial losses, reputational damage, and regulatory penalties. This statistic highlights the urgent need for manufacturers to prioritize cybersecurity measures and invest in developing comprehensive incident response strategies to safeguard their operations against cyber threats.
Conclusion
Cybersecurity is a critical aspect of the plastic industry that cannot be overlooked. The statistics presented clearly show the increasing frequency and sophistication of cyber attacks in this sector. It is imperative for plastics manufacturers to prioritize cybersecurity measures to protect sensitive data, intellectual property, and ensure the continuity of operations. By staying informed and implementing robust security protocols, companies in the plastic industry can mitigate risks and safeguard their digital assets effectively.
References
0. – https://www.www2.deloitte.com
1. – https://www.www.alliedmarketresearch.com
2. – https://www.www.mordorintelligence.com
3. – https://www.www.mbtmag.com
