Often times, small and mid-sized manufacturers deal with unnecessary costs related to cybersecurity and technological weaknesses. Companies can save thousands by establishing a plan to safeguard their operational systems from cybercriminals.
Certitude Security™ is a leading cyber threat assessment service that helps manufacturers cost-efficiently identify and respond to security threats. Based in Dublin, OH, Certitude Security™ works with small and mid-sized manufacturing companies by focusing on deep analysis and resource allocation. This protects businesses from malicious hackers, negligent security management, and IT service providers that overcharge and under deliver.
The company offers a wide array of services to protect your company’s information. More often than not, smaller manufacturers experience financial loss due to unknown threat exposure risks. The first step in identifying these risks is the Analysis & Assessment service. Cybersecurity risk assessments have become a crucial part of all IT strategies to minimize financial losses and keep supply chains running smoothly.
Certitude Security™ then provides the appropriate response and security frameworks to prevent recurring issues and reduce the likelihood that cybercriminals will breach your systems and cause financial loss to your business. These plans are simple, user-friendly, living documents that offer greater visibility into your cyber exposure and business risks from probable attack vectors.
Cybercrime affects manufacturers small and large, public, and private. If you’re interested in learning more about Certitude Security™ services, visit certitudesecurity.com.
Myth #1: Our manufacturing business is too small to be targeted by criminal hackers.
Myth #2: We haven’t had a breach yet, so we are safe.
Myth #3: Our anti-virus software and firewall will keep us safe.
Myth #4: We outsource our security to a third party, so they are responsible.
Myth #5: We are not a billion-dollar company, so we have no need to follow a recognized framework.
Myth #6: Improving our security will hurt our productivity
Myth #7: We pay for backup, so we’re covered.
Myth #8: Only the healthcare and banking industries are targeted by cybercriminal enterprises.
Myth #9: Cybersecurity is too expensive.
Myth #10: Our cyber liability policy will cover our losses.
Myth #11: We don’t store any information that would make us a target.
Myth #12: External attackers are the only threat to our business.
Myth #13: Cybersecurity is an IT issue.
Myth #14: Protecting ourselves within the supply chain is good enough.
Myth #15: There are no reliable resources to help us get started.
Read a detailed explanation of each myth about the Misconceptions about Supply Chain Cybersecurity.
Much like how individual components and processes that comprise supply chains can vary, the same can be said for methods of attack. For example, internal actors who are familiar with IT systems may be aware of the information security practices that are in place, or if they even exist, and intuitively know how to get around them. Existing software may be compromised or not updated with the latest security patches. Since manufacturers often partner with third-party service providers to store data, a breach in their infrastructure can open the flood gates to supply chain sabotage, affecting multiple companies simultaneously.
As supply chain cybersecurity threats become increasingly prevalent and sophisticated in their execution, businesses must be constantly refining their approach to stay one step ahead of scammers and deceivers. Here are a few best practices that can help neutralize supply chain risk, several of which come highly recommended by the NIST. Read more about the Risk of Supply Chain CyberSecurity Threats.
The adverse impact manufacturers experience in the aftermath of even one cyber-attack can be detrimental. From lost jobs and damaged credibility, to diminished productivity and unplanned downtime, virtually every aspect of the production pipeline feels the fallout. According to research from Accenture, cybercrime is expected to cost businesses worldwide, both in the manufacturing space and elsewhere, as much as $5.2 trillion between 2019 and 2024.
Jon Boyens, head of the federal government’s National Institute of Standards and Technology (NIST), told Supply Chain Dive that there’s an interdependence between tech and manufacturers. Manufacturers produce these goods and devices for their customers, but they also use them within their workflows to streamline production and delivery.
These critical operational technologies can be used against manufacturers, often because they lack the safeguards and embedded security to defend against attacks. This has led to an uptick in cyber incidents, impacting supply chains and on time deliveries. Read More about Why Manufacturers are at Risk Without Adequate Cybersecurity.