Apr 04

2017

Is Smart Manufacturing Putting Your IP at Risk?

By Great Bay Software

 

Protect Your Intellectual Property

In a recent, post we talked about the growing trends and benefits of Industry 4.0. Also known as Smart Manufacturing, Industry 4.0 delivers highly accurate predictive analytics which drives a more innovative and competitive market. Here we expand on the rising threats of cybersecurity, which are inherent in the massive growth of IIoT and the merging of factory and corporate data and networks.

In the Crosshairs of Cybercriminals

Manufacturing is a “Top 5” target for sophisticated cyberattacks. Hackers are going after intellectual property, financial data and customer information. IP can constitute more than 80% of a company's value. No wonder that manufacturing leaders consider the theft of intellectual property as their number one risk.

A 2016 study from Deloitte and the Manufacturers Alliance for Productivity and Innovation (MAPI) reveals that 40% of manufacturing companies were affected by cyber-incidents in the past 12 months, with 38% suffering damages in excess of $1 million. Yet, they report that “a full 40% of respondents said they do not incorporate IoT and connected products into the company’s broader incident response plan.”

Eliminating Silos of Data

Manufacturers have put the components of Industry 4.0 in place, however they run in operational silos - independent of IT, the corporate data center and the enterprise network. Industrial analytics such as predictive and prescriptive machine maintenance, field product usage and customer/sales statistics are becoming essential to manufacturing operations. This is driving the integration of factory floor networks and corporate data centers.

The combination of this integration and the massive deployment of IIoT carries increased cybersecurity risks. In a December 2016 post we talked about the significant challenges of IoT device security. The lack of IoT security mechanisms is now opening not just the factory, but also the corporate network and data center, to greater risk of more costly attack.

Protect Your IP  - Gain Control Over Your Devices

The innovations of Smart Manufacturing require equal innovations in network security, from the factory floor to the data center. Now is the time to add IIoT and other network endpoints to your overall security strategy. Real-time device awareness and control must become part of this strategy to reduce growing exposure to cybercrime. Traditional access control solutions alone are no longer sufficient to safeguard your intellectual property, financial data, customer information and business operations.

This is where an important security paradigm shift comes into play. The foundation of effective device inventory and tracking is real-time device discovery and visibility – for every device on your network. Market experts agree.

According to Gartner, “Discovery and visibility are critical prerequisites to Internet of Things security. Security and risk management leaders in charge of IoT implementations will need to select an IoT network and device security strategy that will address specific visibility use-case requirements.”

With the Beacon Product Suite, Great Bay Software leads the industry in endpoint discovery, visibility and control. As manufacturers move towards Industry 4.0, deploy IIoT devices and run end-to-end analytics, Beacon Suite is there to help protect against cyberattacks. Learn more about Beacon Product Suite here.

How Industrial IoT is Transforming Manufacturing

Gartner Real-Time Discovery, Visibility and Control Are Critical for IoT Security Report

How IoT is Fueling the Next Industrial Revolution for Manufacturing

New Call-to-action

Comments

Related Posts

Apr 25

2017

Building a Security Framework for Enterprise IoT

  Connected devices and the Internet of Things (IoT) promise to help enterprises and industrial organizations become more innovative, productive and cost-effective. But it’s no secret that IoT...

Apr 11

2017

IoT Puts Autonomous Vehicles in the Fast Lane

The idea of an autonomous vehicle first caught the attention of the American public way back in 1939. The World’s Fair Futurama exhibit, sponsored by General Motors, introduced the concept of a...

Mar 28

2017

Retail Buys-in Big on IoT Technology

Today’s retail industry is going through a revolution thanks to intensifying competition, continually evolving customer expectations, and innovation - constant innovation. One of the major sources of...

Subscribe to Blog Updates