Rapid technology advancements, shorter product lifecycles, and an increasing demand for more personalized products are driving manufacturers to implement digital technologies, embracing the “digital transformation (or Industry 4.0) in order to compete in the technology-driven business environment. They’re automating manufacturing and industrial practices, using smart technology. In doing all this they unlock a value chain of capabilities that bring factory operational efficiencies and competitive advantages.
Despite the many security products businesses have deployed throughout their locations, cyberattacks are increasing in number and sophistication. Many manufacturers compromised by an attack have been forced to close plants, delaying customer orders. Cybercriminals have damaged plant equipment and stolen intellectual property, with threats of exposing the sensitive data, if a ransom isn’t paid.
