IT disaster recovery, cloud computing and information security news

Cyber attacks attacks on manufacturing industry continue to rise

The frequency and sophistication of cyber attacks continues to rise globally according to research data from the Global Threat Intelligence Center (GTIC) 2017 Q2 Threat Intelligence Report released by NTT Security, an NTT Group company. The report, based on events identified across the NTT Security global client base during the second quarter of 2017, identifies trending threats and enables the company to implement IT security assessment and incident response tactics to stay ahead of hackers, and maintain the best protection for its clientele.

Of the extensive information included in the report, four findings are of extreme interest and concern:

  • Cyber attacks were up 24 percent globally during Q2 2017;
  • Manufacturers continue to be a key target for cybercriminals;
  • 67 percent of malware attacks were delivered by phishing emails;
  • The speed of attacks continues to increase exponentially once proof of concept code is released.

According to the GTIC 2017 Q2 Threat Intelligence Report’s latest findings, 34 percent of all documented attacks targeted manufacturers. Moreover, manufacturers appear in the top three targets in five of the six geographic regions globally.

“This is no coincidence,” said Jon Heimerl, Manager, Threat Intelligence Communication Team, NTT Security. “The motivations for these attacks are often criminal in nature, including extortion via ransomware, industrial espionage, and theft of data such as account numbers. What poses an even greater problem is that when these breaches are successful, yet go undetected, they allow hackers to establish footholds in organizations’ networks where they have free reign to wreak havoc over extended periods. This is a problem if we consider that 37 percent of manufacturers recently surveyed indicated they do not have an incident response plan in place. This is very concerning as manufacturers’ IT security liabilities often impacted not just the manufacturing organisations, but suppliers, as well as related industries and consumers.”

More details.



Want news and features emailed to you?

Signup to our free newsletters and never miss a story.

   

A website you can trust

The entire Continuity Central website is scanned daily by Sucuri to ensure that no malware exists within the site. This means that you can browse with complete confidence.

Business continuity?

Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.

Get the latest news and information sent to you by email

Continuity Central provides a number of free newsletters which are distributed by email. To subscribe click here.