There are several patterns that are closely grouped around the third-place position for Manufacturing: Misuse (13%), which by definition involves insiders, and is mostly Privilege abuse—the actor has legitimate access but they use those privileges to do something nefarious—and Data mishandling, of which prime examples are sending company data via personal email or placing it on cloud drives in order to work from home (Figure 77). Web Applications attacks took the number-two place this year and are dominated by the Use of the stolen credentials to compromise a variety of web apps used in enterprises. Report to the President on Enhancing Resilience Against Botnets. Related Cybersecurity Statistics and Trends. All vendors do not necessarily understand the risk and/or incorporate the level of security your company may want. According to Andy Szal, the global cyber security market will grow between 20 and 25 percent annually through 2021. It reinforced an underlying concern that "cybersecurity risks pose grave threats to investors, our capital markets and our country." Even EO 13777, one of the first EO's released on February 24, 2017 "Enforcing the Regulatory Reform Agenda" exempted national security issues, which includes cybersecurity, from the deregulation agenda. As a glance at Figures 78 and 79 reveals, 38% of actors were of the Nation-state variety, and 28% of breaches were motivated by Espionage. While the majority of attacks are financially motivated, there was a respectable showing of Cyber-Espionage-motivated attacks in this industry as well. Cyberattacks on the manufacturing sector can range from traditional data breach, to IP theft, to physical damages in plants that could shut down every aspect of global operations. (Oath.com)Click To Tweet 2. The value of the cyber security market is anticipated to reach $300 billion by 2024, according to a 2019 press release by Global Market Insights, Inc. Subscribe to stay on top of the latest trends, threats, news and statistics in the cybersecurity industry. The OECD endorsed the need to support a host of key factors including "transparency and explainability" as well as "robustness, security and safety." Understandably, a cybersecurity attack on the manufacturing sector has wide-ranging impacts on all other sectors of the global economy as well. Manufacturing sits at the constellation of a host of other CI sectors including energy, health, the defense industrial base (DIB), transportation, autonomous vehicles (cars, trucks, drones, planes), water/wastewater, satellites, communications, chemical and food/agriculture. Departments of Homeland Security (DHS) and Commerce have published multiple reports making recommendations, ranging from how to consider the risk, as seen in the report "Strategic Principles for Securing the Internet of Things,"3 to the creation of a specific focus on the sector itself with the National Institute of Standards and Technology (NIST) release of the "Cybersecurity Framework Manufacturing Profile. Well, the hackers don’t seem to agree anymore. 81 percent of manufacturing organizations are somewhat to very concerned about the potential cybersecurity risks with personal, internet-connected devices. In 2017, 412 million user accounts were stolen from Friendfinder’s sites. Recently, for example, the G20 Leaders met in Osaka, Japan on June 28-29, 2019 and focused on that next generation view: Society 5.0, which was defined as a "human centered society that achieves a high integration of cyberspace (virtual space) and physical space (real space), coming after the hunting society (Society 1.0), agricultural society (Society 2.0), industrial society (Society 3.0), and information society (Society 4.0). High-performing institutions cultivate and grow talent, carefully balancing costs and rewards. The Manufacturing Profile is meant to enhance but not replace current cybersecurity standards and industry guidelines that the manufacturer is embracing. 2017 was a wake-up call for manufacturing because it demonstrated two things. Incident classification patterns and subsets, Mining, Quarrying, Oil & Gas Extraction + Utilities, Professional, Scientific and Technical Services, Does size matter? Manufacturing remains a core part of almost every aspect of the global economy and is increasingly more important to all other sectors as technology, automation and connectivity in an IIoT world take over critical functions. In a world dominated by a focus on the Fourth Industrial Revolution, and what has been called Industry 4.0, manufacturers have increasingly adopted robotics, artificial intelligence, machine learning and advanced analytics. See U.S. Department of Homeland Security (2016) ". You may now close this message and continue to your article. Increasingly, the U.S., the European Union (EU) and even individual states in the U.S. are passing laws that address IoT threats and raise the threshold of acceptable risk. This cyber security statistics data indicates that cybercriminals are being more stealthy in their approach and are actively trying to attack around legacy security solutions. Cyberattacks designed to cause damage have doubled in the past six months and 50 percent of organizations affected are in the manufacturing sector, researchers say. This combination of obtain password, infiltrate network, download software and then capture data paints a very clear picture of what’s going on in this vertical, but it may not be a picture you want hanging on your wall if you do business in this area. Cyber security is often applied to the consumer-driven parts of business, such as logins to internet sites and health care-related information. According to a study released by NTT Security, 34 percent of all documented cyber attacks during Q2 2017 were focused on … manufacturing. In the U.S., the DHS has assets and programs to provide support and there are "safe harbor" programs that exist. The 2013 White House Executive Order 13636, "Improving Critical Infrastructure Cybersecurity," help set the stage as a "call to arms" to rally the private sector, and specifically the manufacturing sector. These technologies are rewriting the rules of competition for industrial companies, while also increasing their vulnerability to the growing threat of cyber attacks and data breaches. The manufacturing sector accounts for three-quarters of all private-sector research and development in the nation, giving our industry a critical competitive edge and providing our highly-skilled employees with vital support. Cyber Crime by Attack Type. The NotPeya and WannaCry global cybersecurity attacks demonstrated the debilitating, cross cutting nature of cyberattacks, as they hit every sector. With cybersecurity presenting such a national and economic security risk: more regulations, not less, may be on the horizon. The guidance delineates where it believes existing SEC rules already encompass cybersecurity risks and associated disclosures. The Manufacturing vertical is very well represented this year with regard to both incidents and breaches. As always when we see a large increase, it could be indicative of a trend or simply a reflection of our caseload. And while large organizations are often willing to outsource their help-desk functions, they are, as a rule, not as eager to ship off their intellectual property and research-and-design generation to foreign locales. Manufacturing sits at the constellation of a host of other CI sectors including energy, health, the defense industrial base (DIB), transportation, autonomous vehicles (cars, trucks, drones, planes), water/wastewater, satellites, communications, chemical and food/agriculture. Manufacturing especially relies on and uses all of these technologies and services for everyday aspects of operations. The manufacturing sector should also consider the following specific risks: The G20 held a ministerial meeting focusing on trade and the digital economy on June 8-9, 2019. Choose your country to view contact details. Here’s what you need to know. The healthcare industry is a prime target of hackers. 48% of Malware Demonstrate Software Packing and Hidden Windows for Defense Evasion Tactics Increased risks posed by the Industrial Internet of Things (IIoT) Digital transformation will flourish—but so will risk levels, which will increase commensurate with the amount of connected devices and components as IIoT expands across the manufacturing floor. As companies' exposure and reliance on networked systems and the internet have increased, the attendant risks and frequency of cybersecurity incidents have increased. August 5, 2019, The future battlespace is constructed of not only ships, tanks, missiles, and satellites, but also algorithms, networks, and sensor grids. Reputational risk is also a factor, as stock prices and brand value can be impacted. Understandably, a cybersecurity attack on the manufacturing sector has wide-ranging impacts on all other sectors of the global economy as well. Manage your account or get tools and information. … Cybersecurity market revenues worldwide 2017-2023. And steal it they do. The SEC issued interpretive guidance in 2018 which laid out the expectations for corporate disclosures on cybersecurity risks. Healthcare suffered 2-3X more cyberattacks in 2019 than the average amount for other industries, … Manufacturing is one of the 55 functions and, as with the underlying CI sectors, it touches the majority of the other 54 functions in one way or another. (Uber) 3. This includes a focus on information communication technologies and services as well as broad-based global sourcing of component parts and country of origin identification. | The Ministerial Statement also cited the benefits and the risks stating "Manufacturing, which is one of the most crucial industries in the global economy, is becoming more digitalized, networked and intelligent."6. Out of them, 38 percent of them suffered over $1 […] Recent reports indicate that manufacturing is the most heavily targeted industry for cyber attacks in the past year. Types of cyber-attacks in manufacturing vary widely. Manufacturing was not spared. In the U.S., a study on how to address the threat of botnets and IoT cyber risk was issued in a 2018 report, also mandated by EO 13800, entitled "Enhancing the Resilience of the Internet and Communications Ecosystem Against Botnets and Other Automated, Distributed Threats." Customers and consumers are presuming that companies know and protect against the risk. Addressing systemic risk and capitalizing on the benefits of next generation technology, By Know and understand that speed-to-market may create more problems than the perceived upside. Cybercrime Statistics. A foreign adversary is specifically defined and comes with a formal process of designation, to avoid capturing traditional "friendly" nations. It doesn’t seem like manufacturing should be greatly threatened by nation-state hackers; sabotaging a factory or power plant could hardly impact a tense diplomatic conflict. Norma Krayem However, NAICS 31—33 has long been a much-coveted target of cybercrime and this year is no exception. The company cited a $260 million loss in sales for 2017 and expected further losses of $200 million for 2018. It must continually be tested both through table-top and real-life drills. Sometimes these credentials are obtained via malicious links served up in successful phishing attacks, sometimes they are obtained via desktop sharing and sometimes it is unclear how the victim is infected. Copyright © 2020 Willis Towers Watson. In this instance, it is certainly the latter. Cybersecurity encompasses both loss of data and operational risk in the manufacturing sector. Microbreaches, or the tweaking of … What are your strategies and tactics to fighting cyber threats? Please provide the information below to view the online Verizon Data Breach Investigations Report. The latest technology is not always the most secure technology unless you mandate that cybersecurity be included at the front end. Yet unlike the majority of other CI sectors, there are no cybersecurity mandates nor regulations for the manufacturing sector. Attacks can force complete shutdowns of certain facilities, corrupt information technology (IT) systems and, at times, even force plant closures. Internal employees misusing their access to abscond with data also remains a concern for this vertical. You will soon receive an email with a link to confirm your access, or follow the link below. According to a recent report from the U'S. The DOD, which has long mandated cybersecurity for its contractors in the DIB and respective supply chains is kicking off the "Cybersecurity Maturity Model Certification" (CMMC). Include all vendors, map countries of origin and incorporate security requirements in all contracts and add audit requirements. The program will serve as a mechanism to help ensure that the major defense contracting firms are more accountable for their own supply chains and cybersecurity. One key area of concern to the manufacturing sector is its supply chain. One of the most serious challenges that this modern world must deal with for … Both of these battlefields— electronic and human—are susceptible to manipulation by adversary algorithms.”. To better address the risk, the manufacturing sector increasingly needs to review, measure and map cyber risk in its global supply chain. While the term "smart" manufacturing is used constantly, "smart and secure" must become the new moniker as cyber risk can no longer be ignored. Networked robots, mobile robots and supervisory control and data acquisition (SCADA) systems, and the integration of AI bring great efficiencies, but if not imbedded with cybersecurity at the front end, could all increase advanced cyber risk to the manufacturing sector. Regardless of how they are compromised, these credentials, often of the cloud-based email variety, are very successful as a means to an end in this vertical, as you can see in Figure 76. Cybersecurity breaches: Manufacturing companies were not known for storing sensitive information, but that has changed in a big way, and cybercriminals are … Cisco and Cybersecurity Ventures have compiled 100 of the most important facts, figures, statistics, and predictions to help frame the global cybercrime landscape, and what the cybersecurity industry is doing to help protect governments, citizens, and organizations globally. Furthermore, the sector has always been inherently global in nature, with supply chains spanning the world, and like other sectors, is increasingly subject to the challenges of cyber risk rising from the nature of geopolitical conflict. This behavior was observed in 95% of ransomware samples. Nevertheless, we found that there will be a lot of work ahead in this field to secure the future of the changing manufacturing business alongside the digitalizing society. 1 – $1.5 trillion cybercrime economy. Early in the Trump Administration, the White House released Cybersecurity EO 13800, which continued the focus on cyber risks to the manufacturing sector. In 2016, 3 billion Yahoo accounts were hacked in one of the biggest breaches of all time. Law enforcement and other agencies have a valuable role to play, but relationships need to be established before an incident. In 2016, Uber reported that hackers stole the information of over 57 million riders and drivers. Sourcing of parts, identification of countries of origin and requiring suppliers to meet certain benchmarks for cybersecurity risk are all a new part of what doing business means in the 21st century economy. The additional use of artificial intelligence (AI) and machine learning has led to advancements in everything from medical devices to the future of autonomous vehicles. Source: Statistica. We hope so at least, because we have been giving a lot of thought to that topic. All rights reserved. The predominant means they employ for this theft falls under the Crimeware pattern, as shown in Figure 75. the cyber security in manufacturing. Manufacturing is one of the 55 functions and, as with the underlying CI sectors, it touches the majority of the other 54 functions in one way or another. In such a society, new technologies have various transformative impacts on the way society works, such as the formulation of optimal value chains; the promotion of sustainable industrialization by automated manufacturing; increased production of crops by automating the agricultural work; and extending healthy life expectancy and reducing the social cost of ill health and aging through preventative examinations and nursing care robots; to name a few."1. First, even if a company is not specifically targeted by cyber criminals it may well be caught by attacks on others, as cyber ‘collateral damage.’ This Manufacturing Profile provides a voluntary, risk-based approach for managing cybersecurity activities and reducing cyber risk to manufacturing systems. 2 – 300 billion cybersecurity Market. The U.S. is a key member of the OECD and has not issued AI standards, but did issue a White House Executive Order on AI which includes the need to "ensure that technical standards minimize vulnerability to attacks from malicious actors and reflect federal priorities for innovation, public trust, and public confidence in systems that use AI technologies."12. Please enjoy! Ensuring that you have the right policies in place and the company understands the impact of a cyberattack should drive the types of policies and coverages you seek. The board must also be an active participant in the process as well. Manufacturing doesn’t just use cutting-edge technology—we create it. Department of Homeland Security, manufacturing is the second highest industry with the most reported cyber attacks, only subsequent to health care. The manufacturing sector was one of the first to integrate robotics into the assembly line and to include advanced automation into the very foundation of the sector. Concerns around cybersecurity risk to global supply chains and manufacturing and supply chain issues are also front and center for every major nation around the world. Cybersecurity risk in supply chains The report focuses on broad based IoT risk and includes some useful lessons learned for the manufacturing sector.10 The EU has focused on IoT risk for consumer devices and in February 2019, the European Telecommunications Standards Institute (ETSI) Technical Committee on Cybersecurity (TC CYBER) released a new standard, ETSI TS 103 645, focusing on security beelines.11, The use of AI to power robotics as well as varying aspects of the manufacturing industry will revolutionize the industry. White House Executive Order: "Maintaining American Leadership in Artificial Intelligence. "7 While the manufacturing sector does not have any mandatory cybersecurity regulations, those entities that are publicly traded in the U.S must also deal with the Securities and Exchange Commission (SEC.) 922 incidents, 381 with confirmed data disclosure, Crimeware, Web Applications and Privilege Misuse represent 64% of breaches, External (75%), Internal (25%), Partner (1%) (breaches), Financial (73%), Espionage (27%) (breaches), Credentials (55%), Personal (49%), Other (25%), Payment (20%) (breaches), Boundary Defense (CSC 12), Implement a Security Awareness and Training Program (CSC 17), Data Protection (CSC 13). Protections need to be added to address legacy systems and legacy risk. On May 15, 2019, the White House released Executive Order 13873:"Securing the Information and Communications Technology and Services Supply Chain." As the U.S. and nations around the world continue to examine the best way to manage cybersecurity risk, the U.S. has chosen to focus on defining a new category of core functions that it considers to be at the heart of what must be protected. In reality, the cost of cybercrime to companies around the globe is in the billions of dollars. The EO applies to all entities subject to the jurisdiction of the U.S.,9 and it also focuses on banning companies that are "owned, controlled or subject to the jurisdiction or direction of a foreign adversary" in the ICT space. 1. All companies must have a written cyber incident response plan. As we consider the current and future view of Industry 4.0, attention is turning to what the future of "connected everything" means. Think like an attacker and map out where cyber risk exists. While the majority of attacks are financially motivated, there was a respectable showing of Cyber-Espionage-motivated attacks in this industry as well. Menu, current location and language selection is United States English, use this menu to select a new location and language, Financial, Executive and Professional Risks (FINEX), Strategic Principles for Securing the Internet of Things, Cybersecurity Framework Manufacturing Profile, Industry 4.0 Cybersecurity Challenges and Recommendations, Presidential Executive Order on Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure. As technologies converge, the risk of microbreaches will spike. Among all the regions North America is the hub for a large number of industries and due to early adoption of innovative technology. Namely, the Password dumper, Capture app data and Downloader varieties. According to MAPI, 40 percent of manufacturing firms experienced a cyber attack in last one year. Cyber security is rapidly becoming a dominant concern for manufacturers and consumers. The c-suite must engage in and be part of managing cyber risk on an ongoing basis. Every aspect of the company has a role in managing cyber risk. Create and map out a supply chain security plan. This statistic represents a 2016 survey of manufacturing industry executives and their opinions on the expected impact of cybersecurity risks and … Manufacturing has long been a foundational part of the global economy and a leader in technological innovation. Cybersecurity Risks For Manufacturing. It includes a list of 55 functions that ultimately were drawn from the underlying list of 16 CI sectors. The global cybersecurity market size is forecasted to grow to 248.26 billion U.S. dollars by 2023. Error is ubiquitous in all of the verticals this year, and in Manufacturing it is in keeping with the trend of Misdelivery and Misconfiguration that we see in other industries. [11] The average cost of a data breach for organizations worldwide is $3.92 million as of 2019. Traditional attacks involve hackers gaining unauthorized access to sensitive systems and data ( case #1 ). Some of the easiest attack vectors come through spear-phishing exercises. The manufacturing sector was one of the first to integrate robotics into the assembly line and to include advanced automation into the very foundation of the sector. As we have mentioned in previous reports, it is cheaper and simpler to steal something than to design it yourself. Like no other time in history, future wars will be fought on civilian and military infrastructures of satellite systems, electric power grids, communications networks, and transportation systems, and within human networks. EO 13800 specifically called for a review of "the sufficiency of existing Federal policies and practices to promote appropriate market transparency of cybersecurity risk management practices by critical infrastructure entities, with a focus on publicly traded critical infrastructure entities. To achieve that, on April 30, 2019, DHS released a list of 'national critical functions' that the Department and the White House views as "The functions of government and the private sector so vital to the United States that their disruption, corruption, or dysfunction would have a debilitating effect on security, national economic security, national public health or safety, or any combination thereof."8. All new investments in digital technology must imbed cybersecurity protections at the front end. Cyberattacks targeting manufacturing companies are on the rise, according to a recent report from IBM X-Force Research’s 2016 Cyber Security Intelligence Index. The national and homeland security community is concerned about aggregated risk that comes from the use of common ICT and services. More than half of the companies participating in the survey reported they have at least some automation in production processes/machining (79 percent), assembly (64 percent), and packaging (60 percent). While AI will power increased protections, AI tools will also be used to propagate more sophisticated cybersecurity attacks. The G20 focused on and acknowledged the risk that also comes from the world of emerging technologies and the IoT. Manufacturers, like all companies, must manage and address their own cybersecurity risk, and focus on how a potential cybersecurity attack could impact their end-users and customers. The SEC's guidance follows the requirement laid out in the EO and states: "As companies' exposure and reliance on networked systems and the internet have increased, the attendant risks and frequency of cybersecurity incidents have increased." Here are three cybersecurity trends that will impact manufacturing in 2019. The delineation of essential functions is part of the EU's Networked Information Security (NIS) Directive. Trusted supplier programs, which have been used for many years for overall quality, safety and as a means to track even basic counterfeit parts, must also now include cybersecurity requirements and audits. "4 At the same time, there is a renewed focus by the DHS, the U.S. Department of Defense (DOD) and many others to help the sector better understand how cybersecurity risk can manifest itself in global supply chain security. The global cost of cybercrime will be more than $2 billion in 2019. U.S. Department of Commerce. These attacks can cause manufacturing disruptions, leading to defective products, production downtime, physical damage and even threaten lives. 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