THE MANUFACTURING INDUSTRY AND CYBER CRIME.

01 October 2018

• cyber security
• cyber crime
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• threat management
• CYBER BREACH
• cyber law blog
• Protection of intellectual property
• data encryption
• manufacturing industry
• cyber hack
• cyber security training
• authentication
• antivirus
• firewall
• web filtering service

Recently, cyber criminals have become more focused on intellectual property due to its prolonged benefits, resulting in them targeting industries such as the manufacturing sector, which is the third most targeted industry for cyber-crime.

The manufacturing industry is also not obligated to report breaches unlike the healthcare, financial, and retail sectors, therefore it is possible that there are a lot of cyber-attacks that have gone unreported, which potentially increases the risk of cyber-crime

Manufacturing organisations usually receive correspondence containing confidential information such as contracts, patents, drawings and additional private content, which must be protected. The problem is that a lot of manufacturing companies underestimate the threat of cyber-attacks, and therefore do not implement the necessary cyber security and protection that is necessary to safeguard their confidential information.

Industry experts have warned these organisations that cyber-attacks do not stop with bank account hacks, as hackers go beyond this, even penetrating devices connected to the shop floor, which are the most vulnerable and can be obtained discreetly.

Many manufacturing executives believe that the protection of trade secrets and other intellectual property is no longer a priority. As they are now focusing on innovation, and in the process of fast-moving innovation previous intellectual property would be irrelevant, and therefore does not need protection.

However, industry experts believe that any invaluable intellectual property should be protected to the highest standard. As although they are constantly in development, the foundations of this confidential information can still be infiltrated during cyber-attacks if there is no protection in place.

Manufacturing organisations should consider implementing the following cybersecurity solutions:

• Authentication – The process of identifying and monitoring users and employee access to prevent malicious access.
• Threat management – Identifying and eliminating threats as soon as unauthorised access occurs.
• Data encryption – Ensuring data is completely protected using efficient security keys and passwords.
• Antivirus and Firewalls – Protecting network and computer systems from threats and unauthorised access.
• Web filtering services – Providing extra security for the organisation against harmful websites.
• Cybersecurity training – All staff within the organisation should receive basic training on prevention, as well as how to act when a cyber-attack occurs.

Here at Three Graces Legal, we can assist your organisation with all aspects of cybersecurity.

Please contact us on 0151 659 1070