Manufacturing top target of record-breaking cyber extortion

Posted on 1 Dec 2023 by James Devonshire
Cyberattacks - Cybersecurity will become a more common worry in the shipping sector. Last year, the shipping conglomerate Maersk suffered a cyber attack that cost the firm between $250 million and $300 million - image courtesy of Depositphotos.

The manufacturing industry was the top target of nefarious actors attempting to carry out cyber extortion in 2023, new research has revealed.

According to Orange Cyberdefense’s Security Navigator 2024 report, manufacturing organisations represented 20% of all cyber extortion attacks in 2023 – a 42% increase over 2022 and 17% more than the second most targetted industry: professional, scientific and technical services. In fact, it has been a record-breaking year for cyber extortion – which includes ransomware– with an…

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