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Preventing Internal Cyberattacks Could Save Companies Millions

Cyberattacks in the U.S. have the highest cost of any global nation, with an average cost of $8.64 million per occurrence for companies suffering an attack.

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According to a new report from PMMI Business Intelligence, internal actions by a company’s own employees – whether intentional or accidental – are often either the direct cause, or play a large role in determining the success, of an attempted attack.

Careless and/or uninformed staff played a role in 46% of all cyberattacks that occurred in 2019, according to a study conducted by Kaspersky, and 11% of the most serious and damaging of all cyberattacks involved some kind of employee carelessness.

Connected devices have become invaluable tools for manufacturers, but they also represent potential cybersecurity vulnerabilities that can be exploited by cybercriminals. One of the largest internal threats to manufacturers’ cybersecurity are mobile devices among employees and contractors that can connect to a network - from tablets and smart devices like augmented reality glasses, to wi-fi enabled diagnostic tools and even cellphones.


Read article   Read about two key areas of cybersecurity vulnerability in manufacturing.


As remote working has become more commonplace due to the pandemic, manufacturers have had to set up remote working options for a larger number of employees, creating a challenge for manufacturers trying to improve their cybersecurity defenses. Some smaller businesses do not have the resources to provide work devices to every remote employee, resulting in the use of personal devices to access company networks. Many of these devices are much less secure than company-provided devices, and the more employees signing in remotely to secure servers, the harder it is to limit access, monitor activity, and keep networks secure, from outside intrusion. An analysis by IBM found that the expansion of remote working in response to COVID-19 has increased the cost of a cyberbreach by an average of $137,000.

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