CIRAS (Center for Industrial Research and Service) hosted a workshop on March 29 for manufacturers across the state of Iowa. The workshop, sponsored by LMC Insurance & Risk Management, provided manufacturing leaders and their IT experts with the latest cyber news. Attendees gained an improved understanding of the technical, policy, compliance, legal, and other aspects of cyber security.
A common myth regarding cyber security is that large companies are the primary targets for cyber-attacks. The truth is, companies with 250-500 employees are targeted the most, and these attacks are usually in the form of email phishing. The manufacturing sector is the third most commonly targeted industry.
Supply chains should be a major concern for manufacturers and their cyber security program. Manufactures without a cyber security program in place or contract language to support cyber responsibility, are at risk. Cyber experts suggest starting with a review of your vendor list. Who are the people you are doing business with and do they require a cyber program or contract? If they don’t, have the cyber conversation now – don’t wait until an attack occurs.
Cyber security begins with awareness. Experts suggest conducting the following:
Employee training on company cyber policy and safe practices;
Regular internal assessments/monitoring; and
The best thing you can do is be prepared and have an Incident Response Plan. Contact Juli Jenkins at firstname.lastname@example.org for additional information on this and future events, or to learn how LMC can help you with cyber security.
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