Half of Britain’s manufacturers have been the victim of cyber-attacks in last 12 months

Latest News Tue, May 4, 2021 8:12 AM

Half of Britain’s manufacturers have been the victim of cyber-crime during the last 12 months, after thousands of organisations moved their staff to remote working when the Covid crisis struck.

Cyber criminals have been exploiting the emergency working measures mounting attacks which have come at a massive cost to businesses, with a quarter of companies reporting losses of up to £25,000 for each cyber breach and 6% left coming to terms with losing £100,000 plus after an attack.

Our new report, Cyber Resilience – The Last Line of Defence, shows that the pandemic catapulted cyber security to the forefront of boardroom agendas. Almost overnight companies that were forced to switch to remote production, remote monitoring of equipment with staff working from home on hastily supplied laptops, realised just how much their vulnerability had increased.

Some 50% of manufacturers said that cyber security has become a higher priority since the start of the Covid outbreak, and 61% of companies revealed that they now have a designated board director responsible for cyber protection across the whole of their business.

Cyber threat is increasingly a business-critical issue, with 43% of manufacturers reporting that they have already been asked by a customer to demonstrate or guarantee the robustness of their cyber processes, while one in five have themselves asked customers or suppliers to show that they are cyber resilient and have effective measures in place to counter against any attack.

Some 52% of those polled said they have taken out insurance to cover any losses from cyber incidents, while 87% of companies believe they have the right tools and technologies in place to deal with any cyber incursion. A further 91% told us that they have the correct knowledge now in place to assess their cyber risk.

However, despite significant improvements in cyber awareness over the last two years since our last survey with a reduction in attacks by 10% across the sector, there is however still work to be done. Some 44% of manufacturers still do not offer cyber security training to their staff, and 47% of companies do not even have a formal plan or process agreed in case of an attack. While 66% of manufacturers report that cyber security does not have a regular slot on their board’s monthly agenda in spite of the heightened risk from remote working.

“Digitisation is revolutionising modern manufacturing and has without doubt kept it running successfully over the past year,” said Stephen Phipson CEO, Make UK. “The rewards are obvious - technological leaps in the design, development, fabrication and operation of the goods and services the UK makes. But the cyber security threat to manufacturers is growing and evolving with it.

“No business can afford to ignore this issue and while the increased awareness across the sector is encouraging, there is still much to be done with too many businesses still burying their heads in the sand. This is a strategic threat; failing to get this right as a nation could cost the UK economy billions of pounds and put thousands of jobs at risk.

“Every business is vulnerable and every business needs to take the necessary steps to protect themselves properly.”

Investment in the latest digital technologies is also being hampered, with many companies holding back from implementing the latest innovations for fear of increased exposure to cyber-attack. One in eight companies surveyed admitted they are currently not investing in new digital processes even though they know they should do so to continue to be able to compete in an ever-changing and developing global marketplace.

Featured News

Specification news
Join the Arturo CPD Seminar: Elevate your expertise in...

Arturo CPD seminars offer an invaluable opportunity for architects and designers to...

Read More >>

Specification news
Government’s £39bn programme needs plan-led system...

The Royal Town Planning Institute (RTPI) has long advocated for increased funding for...

Read More >>

BUILDING PRODUCT LIBRARY - LATEST BROCHURES

HPS200 Ultra Case Study Brochure Brochure

HPS200 Ultra Case St...
By Tata Steel

Download Now >>

Confidex Datasheet Brochure

Confidex Datasheet
By Tata Steel

Download Now >>

Prisma UK 2024 Brochure

Prisma UK 2024
By Tata Steel

Download Now >>

HPS200 Ultra UK Brochure

HPS200 Ultra UK
By Tata Steel

Download Now >>

Amtico Bio Support Document  Brochure

Amtico Bio Support D...
By Amtico

Download Now >>

BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS

​The Confidex® Guarantee
​The Confidex® Guarantee

Offers the most comprehensive guarantee for pre-finished steel products in Europe and provides peace...

Read More >>

Colorcoat HPS200 Ultra®
Colorcoat HPS200 Ultra®

Colorcoat HPS200 Ultra®Super durable guaranteed performance.Designed to withstand even the most...

Read More >>

Prisma
Prisma

Colorcoat Prisma®Aesthetics that last, guaranteed.Colorcoat Prisma® demonstrates a step change by...

Read More >>

CONSTRUCTION VIDEOS - LATEST VIDEOS

Mira Vista Heatloop
Mira Vista Heatloop

Mira Showers is delighted to introduce the new Mira Vista HeatloopTM – an innovative and stylish...

Watch Now >>

Why our Canopies Last Longer
Why our Canopies Last Longer

https://www.aandslandscape.co.uk/ Find out why A&S Landscape Canopies last longer than alternatives....

Watch Now >>

Enclosed Dining Canopy - Hampton Gardens School
Enclosed Dining Canopy - Hampton Gardens School

A&S Landscape designed and installed a large enclosed, curved roof canopy for Hampton Gardens School...

Watch Now >>