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MANUFACTURERS RANK AS RANSOMWARE'S BIGGEST TARGETMANUFACTURERS RANK AS
RANSOMWARE'S BIGGEST TARGET

Improvements in cybersecurity and basics like patching aren't keeping pace with
the manufacturing sector's rapid growth.

Kristina Beek, Associate Editor, Dark Reading

October 2, 2024

2 Min Read
Source: Robert Evans via Alamy Stock Photo


In the past year, the manufacturing industry has been the top target for
ransomware groups, due to the sector's lack of technological advancement, even
as its digital footprint continues to grow.

According to a study released by Black Kite, the manufacturing sector accounts
for 21% of ransomware attacks and places manufacturing entities at a
significantly high risk, making them more than three times as likely to suffer a
ransomware attack.

Not just this, but out of the 5,000 companies that were examined, 80% of
manufacturing companies have "critical" CVSS-rated vulnerabilities, 67% of which
are already listed in the Known Exploited Vulnerabilities (KEV) catalog
maintained by the Cybersecurity and Infrastructure Agency (CISA). 



"The manufacturing industry stands at a critical juncture, where the stakes of
third-party risk have never been higher," the Black Kite researchers wrote. "The
rapid pace of digital transformation has opened new avenues for efficiency and
innovation but has also introduced significant vulnerabilities."



The threat actors are aware of the weak links that have opened up due to the
industry's rapid growth and are aware that "these companies play critical roles
within global supply chains."

When one operation or company in the chain gets attacked, it can lead to a
domino effect and "cascading operational disruption and financial and
reputational damage." In short — when threat actors target both manufacturing
and supply chains, they get more bang for their buck if they succeed.




MANUFACTURING A NEW DEFENSE

So, what can enterprises that are more likely to fall victim to an attack do to
prevent the worst from happening?

First, organizations must recognize that though many systems will be affected
when updated, that doesn't justify allowing systems to become exposed on the
Internet. 

"Patch management is the first line of defense, yet it's widely neglected in
this industry," Ferhat Dikbiyik, chief research and intelligence officer at
Black Kite, tells Dark Reading. With a majority of these organizations having
Internet-facing assets that are likely rife with vulnerabilities, Dikbiyik says
this is low-hanging fruit for threat actors and must be addressed as quickly as
possible.



In addition, organizations must address exposed credentials and better secure
their Web applications to prevent becoming the next ransomware statistic, he
adds.

"Cybersecurity doesn't have to be a barrier to innovation — it can be a growth
enabler," Dikbiyik says. "With the right cyber defenses in place, manufacturers
can protect their expanding digital operations while continuing to grow without
sacrificing safety."




ABOUT THE AUTHOR

Kristina Beek, Associate Editor, Dark Reading




See more from Kristina Beek, Associate Editor, Dark Reading
Keep up with the latest cybersecurity threats, newly discovered vulnerabilities,
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