Security Breach: The Dollars and Sense of Cybersecurity

How technology investment dynamics and a lack of risk acknowledgement are punishing the industrial sector.

Due to the rise in attacks on manufacturing and critical infrastructure, and the devasting impacts these attacks have on daily lives around the world, the World Economic Form recently unveiled a report entitled Building a Culture of Cyber Resilience in Manufacturing

This initiative not only identified the sector’s primary challenges for developing a culture of cyber resilience, but also formulated three guiding principles for establishing an enduring strategy. They revolve around people, processes and culture.

I was fortunate enough to have one of the key contributors to the creation of these strategies sit down with me for some unique takes on the biggest challenges facing industrial cybersecurity. Watch/listen to my conversation with Kris Lovejoy, Global Security and Resilience Leader at Kyndryl, a leader in cyber resiliency strategies and services, as we discuss:

  • How the capital investment process utilized throughout manufacturing could be leaving several key players behind, and the negative impacts this could have on the entire sector.
  • Why security is not a tool, but a process.
  • The ongoing issues associated with asset inventory and the first steps to take in correcting this issue.
  • The Trojan Horse dynamic that smaller enterprises need to embrace in order to improve their security posture.
  • How to know if you're the biggest risk or weakest link in a production environment or supply chain.
  • Why regulatory efforts focused on cybersecurity could dramatically change the composition of the industrial sector.
  • The difference between moving to the cloud and securely moving to cloud platforms.
  • How security should be a driver of digital transformation strategies.

To catch up on past episodes, you can go to Manufacturing.netIEN.com or MBTmag.com. You can also check Security Breach out wherever you get your podcasts, including Apple, Amazon and Overcast. And if you have a cybersecurity story or topic that you’d like to have us explore on Security Breach, you can reach me at [email protected].

To download our latest report on industrial cybersecurity,  The Industrial Sector’s New Battlefield, click here.

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