Small and medium manufacturers are a vital part of our nation’s economic and cyber infrastructure. Unfortunately, for many of them, the security of their information, systems, and networks does not receive the highest priority. But an information security or cybersecurity incident can be extremely detrimental to the business, their customers, partners, and suppliers.
The average cost of data breach for small companies in 2015 was $38,000. In addition, it has been estimated that more than half of the companies go out of business within six months of a cyber attack. It’s important that manufacturers understand and manage the risk and establish a cybersecurity protocol to protect their most critical assets.