Cyber Resilience For Manufacturers

June 26, 2024

Cyber Resilience For Manufacturers

Blake Moret and Kiva Allgood, writing in World Economic Forum, note that a cyberattack on a manufacturer stops production and has a domino effect that spreads to companies along the supply chain. However, this business impact of pausing production makes it hard for manufacturers to make system changes that address cybersecurity. Those factors make manufacturers prime targets for cyberattacks and highlight needed cyber resilience for manufacturers.

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Moret and Allgood suggest three key principles manufacturers can follow to boost their own security and the security of other companies in their business networks. 

Make cyber resilience for manufacturers a business priority: This will entail cultural change and comprehensive cybersecurity governance. It means securing budget and resources and creating incentives to ensure that cybersecurity is on the agendas of all stakeholders.

Drive cyber resilience by design: Cyber resilience must be designed into every aspect of processes and systems, and the process of incorporating cyber resilience into systems, technologies, and product development makes a risk-based approach necessary.

Engage and manage the ecosystem: This requires cultivating trusted partnerships and raising security awareness among stakeholders because one company cannot exert control over an entire supply chain. The ecosystem approach involves encouraging all entities in a business network to collaborate to address issues like cybercrime. That increases connectivity, but it should not mean more risk. Conversely, it can gradually improve the risk exposure of businesses in the system. Isolated systems can be managed more effectively at a larger scale.

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