Upcoming Webinar: Why The Rise Of Smart Factories Facilitates Better Third-Party Security

It’s not new that the manufacturing industry, like many other industries, is undergoing a transformation. Emerging technologies, COVID-19, the great resignation, and other factors have caused the industry to look inward and recalibrate how it operates. Often, that recalibration involves digitization. Unfortunately, that also means that new cybersecurity risks have been introduced. 

How Manufacturing Is Transforming

Most manufacturing entities are becoming “smart” and joining the industrial revolution 4.0, whether they want to or not. What was previously analog and on-site has become digital, cloud-based, and remote. These kinds of innovations, partially brought on by the COVID-19 pandemic, are allowing place-based warehouses and factories to become global networks of automated systems, and the internet of things integration to radically shift how manufacturing operates. 

However, as this aspect of the manufacturing industry hurdles toward the future, cybersecurity is being left behind – creating major vulnerabilities. 

Why Smart Factories Need Equally Smart Security Strategies

The reason is straightforward — more digitization introduces more risk. There are more third parties involved than ever before, more internal software, and employees that are working from across the globe instead of on a factory floor. But, due to lack of staffing, reliance on older, often out-dated hardware, and lack of budget or willingness to invest, cybersecurity is falling behind. That means the gaps are widening, and with ransomware and other kinds of attacks on the rise, there’s no doubt that bad actors are taking advantage of the unlocked doors across the industry. 

It’s critical that the industry take a look at their cybersecurity architecture, especially in regards to third parties, which carry with them significant risk — third-party hacks are on the rise and can lead to devastating, large attack surface breaches.

How Organizations Can Implement Better Third-Party Security

Access management is the key to staying safe in a shifting cybersecurity landscape. Looking at innovative access management strategies, such as Zero Trust Network Access, adaptive security ,privileged access management, and third-party management software, is necessary to make sure security is matching operations innovation. 

Learn more about how the manufacturing industry is changing, and how organizations can take concrete, simple steps to improve their third-party security with our upcoming webinar on June 15.

Register now.