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London, December 5, 2022 /PRNewswire/ — About half of Britain Manufacturers (42%) have been victims of cyber-crime in the past 12 months, according to new research. Cyber security: UK manufacturing, published today by Mac UK, the manufacturers’ organization and BlackBerry Limited. More than a quarter of respondents (26%) reported significant financial loss as a result of an attack, with losses ranging from £50,000 to £250,000.
As businesses adopt more digital technologies, their exposure to cybersecurity threats increases. Some 95% say cybersecurity measures are necessary for their company, while two-thirds say the importance of cybersecurity has increased in the past 12 months. Alarmingly, the majority (54%) decided not to take any further cyber security measures despite adopting new technologies to increase productivity.
UK manufacturers face a battery of cyber security risks, ranging from simple employee error to complex targeted attacks. The top three cybersecurity vulnerabilities were identified as legacy IT (45%), lack of cyber skills within the company (38%), and providing access to third parties for monitoring and maintenance (33%). The research also found that production disruption is the most common consequence of a cyber attack (65%), with reputational damage second (43%).
Adoption of the Industrial Internet of Things (IoT) has been shown to be the biggest driver behind cybersecurity adoption for one in three organizations (30%). These new IoT processes, such as automated sensor driving functionality, sit at the heart of product manufacturing and are viewed as business-critical functions. However, more than a third (37%) say that concerns about cyber vulnerability have prevented the introduction of new connected technologies in their organization, hindering potential productivity gains and holding companies back from growth.
Targeted attacks are the most common, with smaller companies often the most vulnerable yet many not providing cyber security training to staff. 62% of manufacturers now have a formal cybersecurity process in place in the event of an incident, an 11% increase on last year’s figures, with the same number giving senior managers responsibility for cybersecurity. More than half (58%) have elevated this responsibility to board level.
Stephen PhipsonThe CEO of Make UK, the manufacturers’ organisation, said: “Digitization is revolutionizing modern manufacturing and becoming increasingly important to increase efficiency in this extremely difficult inflationary environment. Cost remains a major barrier for companies to establish proper cyber security, the need to increase the use of advanced technology to establish proper defenses against cyber. Threats are essential. No business can afford to ignore this issue and while the increased awareness across the sector is encouraging, there is still more to be done. Failing to get this right could cost the manufacturing industry billions of pounds and put thousands of jobs at risk. Every Business is vulnerable, and every business needs to take the necessary steps to properly protect itself.”
Cyber defense structures across UK industry are vast – with 89% of companies investing heavily in antivirus software and firewalls to secure internet connections. Threats originating in Russia And China Cyber security is now seen as a key challenge for UK manufacturers (75%).
Caron HollyomVP UKI, Eastern Europe, Middle East And Africa on blackberry said: “Clearly, the UK manufacturing industry is acutely aware of the threat presented by cybercrime. With attacks increasingly targeting infrastructure operating at the heart of major economies, the bigger issue is that most manufacturers are not aware that they have already been compromised. In our experience, it’s possible — indeed, likely — that malware is present in legacy infrastructure, just waiting for the right time to strike. Today’s sophisticated threats aren’t stopped by outdated antivirus and firewall defenses; it’s time for industry management to bring it up. The big guns of preventive cybersecurity to protect against all vulnerabilities, from an accidental insider breach to the real threat of a nation state attack.”
More details can be found in the report, Cyber Security: UK ManufacturingAvailable for free download from https://www.makeuk.org/home/insights/reports/2022/12/01/cyber-security-in-manufacturing.
About Mac UK
Make UK, the manufacturers’ association, is the representative voice of UK manufacturing, with offices. London, BrusselsEvery English region and Wells.
Collectively we represent over 20,000 companies of all sizes, from start-ups to multinationals, in engineering, manufacturing, technology and a wide range of industrial sectors. We directly represent over 5,000 businesses who are members of Make UK. Everything we do – from providing essential business support and training to championing the manufacturing industry in the UK and EU – is designed to help British manufacturers compete, innovate and grow.
From HR and employment law, health and safety to environmental and productivity improvement, our advice, expertise and influence enable businesses to stay safe, compliant and future-focused.
About Blackberry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. Protects more than the company 500M endpoints including 215M Vehicles. Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions and is a leader in the fields of endpoint security, endpoint management, encryption and embedded systems. BlackBerry’s vision is clear – to secure a connected future you can trust.
Blackberry. Intelligent security. everywhere.
For more information, visit BlackBerry.com and follow @BlackBerry.
Trademarks, including but not limited to the BLACKBERRY and EMBLEM designs are trademarks or registered trademarks of BlackBerry Limited and exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.
Media Contacts:
Build UK media relations
Hilary Douglas: 07867 179163
BlackBerry Media Relations
+1 (519) 597-7273
[email protected]
SOURCE BLACKBERRY LIMITED
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