Operational downtime most common impact of IoT-focused cyberattacks

Posted on 25 Jul 2019 by Jonny Williamson
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.

As connectivity in the Industrial Internet of Things (IIoT) increasingly transforms manufacturing, new global research has revealed that nearly eight in 10 manufacturers (79%) have suffered some form of IoT cyberattack in the past year.

The average financial impact as a result of IoT-focused cyberattacks in manufacturing is more than £224,500 (US$280,000) – image courtesy of Depositphotos. With IoT devices continuing to proliferate across critical manufacturing infrastructure, the findings underline the importance of ensuring that the potential business benefits of IoT can be realised safely. For…

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