American manufacturers have taken important steps towards increased technological innovations and digitization. In doing so, they have also become more susceptible to cyber threats and security risks. In today’s networked industrial environments, industrial manufacturers must rely on secure, resilient OT networks to safeguard their production facilities.
OT risks demand a proactive approach to ensure consistent operations and stay safe from cyber attacks. Post-breach reactions are too late, with far-reaching and possibly dangerous implications on the manufacturing supply chain.
Industrial manufacturing spans many sectors. One thing all manufacturers have in common is that most have faced real-world risks in their respective industries over the past 18 months, specifically, ransomware demands and production shutdowns.
For example, the vehicle manufacturing sector fell prey to OT security attacks. In February 2022, Toyota had to suspend operations in 28 product lines across 14 plants in Japan after a cyber attack on Kojima Industries, one of its key suppliers. The attack exacerbated an already existing vehicle manufacturing supply chain crisis.
In June 2022, the US subsidiary of Japanese automotive hose manufacturer Nichirin was hit with a ransomware attack that impacted product distribution, temporarily requiring orders to be fulfilled manually.
AGCO, a worldwide manufacturer and distributor of heavy agricultural equipment and equipment fell prey to a cyber attack in May 2022. The attack affected AGCO’s systems, production, and business operations, and was part of a string of cyber attacks on the agricultural sector with the potential to disrupt the world’s food supply.
Brewing and beverage giant Molson Coors was hit by a cyber attack in March 2021 as well, according to a Form 8-K the company filed with the SEC. The attack caused delays and disruption to Molson Coors’ brewery operations, production, and shipping. Downtime related to the incident reportedly cost the company thousands of dollars every minute.
in March 2021, leading French pharmaceutical group Pierre Fabre suffered a massive cyber attack in which infiltrators demanded $25 million in ransom. The ransomware attack temporarily affected operations at Pierre Fabre, makers of products ranging from skincare to chemotherapy drugs. Safety stocks and the continuation of priority deliveries enabled the group to maintain its production of therapeutic treatments.
Cyber attackers continue to become more sophisticated, targeting every industry from vehicle manufacturing, the food and beverage industry to pharmaceuticals. That is why a proactive approach to OT security is a must.
If cyber security for industrial manufacturing matters to you, don’t miss ManuSec! The upcoming ManuSec USA Cyber Security for Manufacturing Summit takes place next week in Chicago on November 2-3, 2022. The seventh annual summit will bring together hundreds of IT and OT security leaders to discuss strategies and insights on safeguarding the American manufacturing industry. If you are a cybersecurity decision-maker, please register online for a complimentary pass for this in-person event using code: OTORIOVIP.
ManuSec USA
November 2-3, 2022
The Hyatt Regency McCormick Place
Chicago, Illinois
OTORIO is proud to be a Presenting Sponsor at ManuSec. Be sure to attend the presentation at 2:30 pm on the first day of the conference in which Matthew Campagnola, OTORIO’s Solutions Architect, will discuss. Learn how you can create an environment of proactive security risk management.
OTORIO has the knowledge and expertise to provide industrial-native OT security and risk management for industrial manufacturers. Our solutions empower manufacturers to proactively manage digital risks and build resilient operations. Industrial manufacturers from every sector rely on OTORIO’s solutions to help ensure their business continuity and ongoing production.
We look forward to seeing you in Chicago!
Recent Posts