Malware most common cause of data loss incidents for manufactures

[Audrey McNeil <audrey () riskbasedsecurity com>]

http://computer.financialexpress.com/news/one-in-every-5-manufacturing-businesses-has-lost-ip-to-security-breaches-in-2013-study/

According to a survey of businesses IT managers worldwide, 21% of
manufacturers suffered a loss of intellectual property (IP) within the past
year.

Malware was the most common cause of data loss incidents for manufactures,
although other types of cyber-incidents – including software
vulnerabilities, theft of mobile devices, network intrusion, etc. – were
also cited as sources IP leakage.

In a highly competitive global economy, businesses rise to leadership or
sink into bankruptcy on very slim profit margins.

Most often, a business’s most decisive advantage comes in the  form of
research  and development insight or a proprietary high-tech solution
which, in the case of manufacturers, can help businesses produce items more
efficiently than their competitors.

If a competitor is able to obtain this insight, especially without
incurring the initial R&D costs, then that competitor now has a significant
business advantage.

The manufacturing industry clearly understands the importance of securing
their intellectual property. The survey found that manufacturers ranked
“Internal Operational Information” and “Intellectual Property” as the two
types of non-financial data they fear losing the most.

Interestingly, manufacturers ranked the fear of losing “Customer/Client
Information” the lowest out of all business segments, most likely because
manufacturing facilities are less likely to store this information in the
first place.

When asked about the cause of their most serious data loss event within the
past 12 months, “Malware” was the most common cause, cited by 23% of
manufacturers.

Manufactures also reported other sources of incidents leading to data loss,
including “Software Vulnerabilities” (8%), “Network Intrusion” (8%),
“Information Leaked on Mobile Devices” (5%), and “Targeted Attacks”(3%).

This data was obtained through a survey, conducted by Kaspersky Lab in
partnership with B2B International, of nearly 4,000 IT managers across 27
countries.

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