Problem
Many small and medium-sized manufacturers (SMMs) face cybersecurity attacks that they are unable to resolve and/or prevent on their own. A National Cybersecurity Alliance report found that 43% of cyberattacks are directed toward small businesses, with just 14% of firms saying that they consider their ability to mitigate cyber risks and attacks highly effective. The average data attack results in an estimated $4.35 million in damages to facility systems and often results in unrecoverable loss.
As manufacturers transition to Industry 4.0, SMMs often don’t understand the type of threats they face. Many SMMs do not have in-house information technology (IT) or cybersecurity teams, pushing the need for standardized and best-practice protocols in case of an attack.