In a time of economic recovery efforts, cybercriminals are working to thwart the bottom lines of manufacturers. As cybersecurity has always been a concern, manufacturers are now needing to make the needed investments to protect their environments, even if there is not a compliance driver. The top ways manufacturers can improve cybersecurity are:
1. Implement Multi-Factor Authentication (MFA) on all external portals (email, order entry, payroll, etc.)
Multi-factor authentication has evolved as the single most effective control to insulate an organization against remote attacks and when implemented correctly, can prevent most threat actors from easily gaining an initial foothold into your organization, even if credentials become compromised.
2. Conduct security awareness training
Providing effective security awareness training for employees is vital. Employees are a manufacturer’s first line of defense against hackers, but they can also be a liability if they’re not vigilant and knowledgeable about cyber threats. It’s critical to provide effective security awareness training about the latest scams and encourage employees to report suspicious emails immediately to the information technology department.
Many hackers look for easy targets — like thieves target houses with unlocked doors and windows to break into — so even the simplest security measure will deter some cyber breaches. For example, you can use inexpensive, over-the-counter encryption software and phishing filters to make it harder for hackers to get inside your network.
3. Conduct risk assessments
Running a secure network means making good business decisions. To make the best decisions in a world of constantly emerging and changing threats, you must conduct regular cybersecurity risk assessments.
4. Perform penetration tests
Sometimes the best defense is a good offense. By engaging in a penetration test, you’ll identify the holes in your defenses before cyber-attackers do. It’s better for your penetration testers to find a weakness than your adversaries.
5. Invest in incident response tabletop exercises
The most crucial step in developing an incident response plan is to stress test the plan before a real incident occurs. Instead of making assumptions and simply placing your incident response documentation on a shelf and hoping it is accurate, it’s better to test it with tabletop exercises designed to build continuous improvement into your incident response program before your next incident occurs.
6. Reduce business losses with cybersecurity insurance
To minimize losses if a breach occurs, consider purchasing cybersecurity insurance for your business to cover direct losses from breaches and the costs of responding to them. Your traditional business liability policy probably doesn’t include such coverage.
LBMC Information Security can help protect your manufacturing company against escalating cybercrime threats. Contact us to learn more and get started on a consultation!