Cyber threats are a growing concern for the manufacturing industry
The manufacturing industry is paying out around £2.12 billion a year to combat the growing threat of data breaches and system outages. This figure comes from research conducted by a new security testing platform called AVORD. They found that 89% of manufacturers have seen a rise in the number of data breaches over the past five years.
The rise in data breaches is being blamed on the fast-growing cost of security testing in the UK with many manufacturers now being charged as much as double the daily rate for consultancies to conduct tests on their critical assets. The manufacturing sector is therefore demanding change with 77% of business agreeing that the cost of security testing is too expensive.