The Latest Cybersecurity In The Sheet Metal Industry Statistics Explained
Manufacturing companies account for nearly 1/3 of all cyberattacks, second to professional services.
The statistic indicates that manufacturing companies are a significant target for cyberattacks, comprising approximately one-third of all such incidents. These attacks are surpassed only by professional services in terms of frequency. This suggests that manufacturing companies are particularly vulnerable to cyber threats and need to prioritize strengthening their cybersecurity defenses. The data highlights the importance of implementing robust security measures within manufacturing organizations to mitigate the risks associated with cyberattacks, protect sensitive information, preserve operational continuity, and uphold the trust of customers and stakeholders in an increasingly digitized world.
Phishing is the top cyberattack vector, representing 38% of all incidents in manufacturing.
This statistic indicates that among different types of cyberattacks targeting the manufacturing sector, phishing is the most common, accounting for 38% of all incidents. Phishing involves fraudulent attempts to obtain sensitive information, such as login credentials or financial details, by posing as a trustworthy entity in electronic communication. The prevalence of phishing as a cyberattack vector in manufacturing highlights the importance of heightened cybersecurity measures, such as employee training on recognizing phishing attempts, implementing email filters, and regularly updating security protocols, to mitigate the risks associated with such attacks and safeguard sensitive information within the manufacturing industry.
In 2020, the average cost of a data breach for industrial industries was $6.93 million.
The statistic states that in the year 2020, industrial industries incurred an average cost of $6.93 million per data breach incident. This figure represents the financial impact of data breaches on industrial sectors, which can encompass manufacturing, energy, utilities, and other related fields. The cost includes expenses such as investigation, remediation, notification, legal fees, regulatory fines, and loss of business due to reputational damage. Data breaches can have severe consequences for industrial firms, leading to significant financial losses, operational disruptions, and damage to customer trust. Therefore, it highlights the importance for industrial organizations to prioritize cybersecurity measures and invest in robust data protection strategies to safeguard against potential breaches and mitigate financial risks.
43% of cyber attacks are aimed at small businesses but only 14% are prepared to defend themselves.
This statistic highlights a concerning discrepancy between the frequency of cyber attacks targeting small businesses and their level of preparedness to defend against such attacks. Specifically, 43% of cyber attacks are directed at small businesses, emphasizing the significant threat these entities face in the cyber landscape. However, only 14% of small businesses are adequately prepared to protect themselves against these attacks, indicating a glaring vulnerability in the majority of small business cyber defenses. This information underscores the urgent need for increased awareness, resources, and investment in cybersecurity measures among small businesses to mitigate the risks posed by cyber threats and safeguard their operations, data, and reputation.
40% of all cyberattacks in 2021 were targeted at manufacturing and utilities.
In 2021, 40% of all cyberattacks were specifically aimed at the manufacturing and utilities sectors. This statistic highlights the significant vulnerability of these industries to cybersecurity threats and the increased targeting of their systems by malicious actors. The manufacturing and utilities sectors are crucial components of critical infrastructure, making them prime targets for cyberattacks that could disrupt operations, compromise sensitive data, or potentially cause widespread damage. As technology continues to play a central role in these industries, it is essential for organizations within manufacturing and utilities to prioritize cybersecurity measures to safeguard their networks and systems against evolving threats and ensure the continuity of essential services.
Ransomware attacks on manufacturing companies increased by 156% from Q4 2019 to Q1 2020.
The statistic indicates that the number of ransomware attacks targeting manufacturing companies surged significantly, rising by 156% from the fourth quarter of 2019 to the first quarter of 2020. This sharp increase suggests a concerning trend of heightened cybersecurity threats faced by manufacturing organizations during this period. Ransomware attacks involve cybercriminals gaining unauthorized access to a company’s systems, encrypting critical data, and demanding ransom payment for its release. Such attacks can lead to disruption of operations, data loss, and financial losses for the affected companies. The substantial uptick in attacks highlights the importance of implementing robust cybersecurity measures to protect against increasingly sophisticated cyber threats in the manufacturing sector.
In 2019, Industrial Control Systems saw a 2000% increase in cybersecurity vulnerabilities compared to 2018.
The statistic states that Industrial Control Systems experienced a significant increase in cybersecurity vulnerabilities in 2019 as compared to 2018, with a rise of 2000%. This implies that the number of identified weaknesses in these systems related to cyber threats was substantially higher in 2019. Such a steep increase raises concerns about the security of Industrial Control Systems and their susceptibility to cyber attacks. It highlights the urgency for organizations and authorities to address and strengthen the cybersecurity measures within these critical infrastructure systems to mitigate potential risks and ensure operational safety and integrity.
Email is the primary source of two-thirds of malware in the manufacturing industry.
This statistic suggests that out of all the sources of malware in the manufacturing industry, email accounts for approximately two-thirds of the total instances. This indicates that a predominant portion of malware attacks in the manufacturing sector originate from malicious emails. Given the widespread use of email for communication and sharing files within organizations, cybercriminals often exploit this medium to launch malware attacks, such as phishing campaigns or attachments containing viruses or ransomware. As such, organizations in the manufacturing industry should prioritize email security measures, such as implementing robust spam filters, conducting employee awareness training, and regularly updating antivirus software to mitigate the risks associated with malware through email channels.
51% of manufacturing firms reported experiencing phishing and social engineering attacks in 2019.
The statistic indicates that a significant proportion of manufacturing firms, specifically 51% in this case, reported being targeted by phishing and social engineering attacks in the year 2019. Phishing and social engineering attacks involve tactics used by cybercriminals to deceive individuals into providing sensitive information, such as login credentials or financial details, through fraudulent emails, messages, or phone calls. The high percentage of manufacturing firms experiencing such attacks underscores the prevalence and severity of cybersecurity threats in the industry, highlighting the importance of implementing robust security measures and providing cybersecurity awareness training to employees to mitigate the risks associated with these types of attacks.
References
0. – https://www.www.score.org
1. – https://www.www.verizon.com
2. – https://www.securityboulevard.com
3. – https://www.www.propertycasualty360.com
4. – https://www.www.ibm.com
5. – https://www.www.claroty.com
6. – https://www.www.checkpoint.com
7. – https://www.www.bcs.org
