Industrial Cybersecurity / Cyber Attacks

Report: Money, not IP or production disruption, is the primary motive for cyberattacks on manufacturing

By Geoff Giordano for AdvancedManufacturing.org

Jun 06, 2019

Money, not intellectual property or production disruption, continues to be the No. 1 goal of cybercriminals who breach manufacturers’ digital networks.

The average amount of money stolen through business email attacks was $24,439, according to Verizon’s 2019 Data Breach Investigations Report, released in May. The 12th-annual DBIR report found that financially related attacks outnumbered cyberespionage as the main reason for breaches in manufacturing.

Of the 352 manufacturing incidents recorded — 87 with confirmed data disclosure — 68 percent of those attacks sought financial gain, while 27 percent were espionage related. Both types were generally initiated through phishing, in which attackers use legitimate-seeming email, text or phone messaging to target sensitive personal and operational data.

To learn more, read "Verizon Report: Money is Primary Motive for Cyberattacks on Manufacturing" from AdvancedManufacturing.org.

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