Confident in connectivity
Being connected is the new normal.Whether influencing organizations or people, personally or professionally, connected devices mean that it is easier to know what is happening operationally and in real time.
But those open channels also invite risk from nontraditional sources. Across all industries, the number of targeted cyberattacks has doubled in a year and threats are becoming more sophisticated and disruptive. And when asked what percentage of their organizations are actively protected by their cybersecurity programs, industrial equipment executives said just two-thirds (66 percent)—leaving one-third of the organization highly vulnerable.
Counteracting connectivity threats may require wholesale change—from handling hyper-connectivity, to managing fundamental security practices, and to the Chief Information Security Officer’s (CISO’s) role—but it can also open the door to a new security paradigm that improves how industrial equipment organizations operate.
Accenture conducted security research to understand how organizations, including the Industrial Equipment industry, can achieve cyber resilience. Here is what we found:
Seize the day
Industrial equipment companies, the products they create and the ecosystems in which they operate are becoming more connected by the day. This connectivity provides an opportunity for industrial equipment manufacturers to improve their service levels, be more responsive to the distribution network and their customers, and create new business value through data-driven services.
Industrial equipment executives need not feel daunted. They can achieve cyber resilience by taking the following actions:
At both ends of the spectrum—from an individual employee’s perspective, all the way up to strategic corporate decision making—cybersecurity represents an opportunity to improve and enhance the business. Industrial equipment executives have a window of opportunity in the next couple of years to succeed where others have failed—by employing cyber resilience to make their business bigger, faster and stronger and meet the threats of today, while planning to counteract the threats of tomorrow.