Cyber Security Insurance for Manufacturing
Find out how cyber insurance for the manufacturing industry can help protect your business and mitigate cyber risks.
We specialise in delivering cyber security solutions specifically tailored to the manufacturing industry. Our services provide robust protection against cyber attacks, so you can remain fully operational at all times.
In addition, we offer proactive support through threat intelligence reports, comprehensive security assessments, and targeted training sessions. Thanks to our breadth of knowledge and expertise, you can give your business increased protection against cyber threats and safeguard your data.
Top Five Cyber Security Challenges in the Manufacturing Industry
Legacy Systems and Equipment Vulnerabilities
Many manufacturing facilities use outdated, legacy systems that were not designed with cyber security in mind. These systems often lack necessary security features and are difficult to update, so they’re easy targets for cyber attackers.
Supply Chain Risks
Manufacturing companies have complex systems and supply chains involving multiple third-party vendors. These vendors may have weaker cyber security defences. This is a problem because it creates vulnerabilities. Compromised suppliers can lead to data breaches and production disruptions.
Industrial Control Systems (ICS) and Operational Technology (OT) Security
ICS and OT are increasingly connected to IT networks but are often poorly protected against cyber threats. A cyber attack on these systems can cause significant production disruptions and safety hazards.
Ransomware
The manufacturing industry is a prime target for ransomware attacks due to its critical operations. Cyber criminals know manufacturers cannot afford downtimes and may be forced to pay ransoms.
Insider Threats
Employees, contractors, or insiders can pose significant cyber security risks, either maliciously or accidentally. These threats are difficult to detect in complex manufacturing environments. Insider attacks can lead to data theft, sabotage, and unauthorised access to sensitive systems.
Threat Intelligence for the Manufacturing Sector
Our Threat Intelligence capability stands at the forefront of cyber risk management, powered by expert analysts and the latest technology. We offer a unique, comprehensive view of the cyber threat landscape built upon rich data collected by our premium threat intelligence feeds and platforms.
- Quarterly reports that address the current threat landscape specific to the tech industry.
- Keeps your organisation informed about emerging cyber threats and vulnerabilities.
- Tailors cyber security recommendations to the unique needs of your tech business.
- Helps implement the best defence strategies to reduce the risk of cyber breaches.
- Led by our Threat Intelligence team, our webinars guide and protect your business and operations.
- Keep staff informed and educated about the latest cyber security practices.
Explore how insurance for cyber security can further protect you.
Incident Response Management in the Manufacturing Sector
Your entire organisation is at risk as cyber attacks increase in volume and complexity. Loss of customer data and damage to systems can occur.
If your business experiences a cyber threat, you need an instant response. As your insurer, we offer expertise and services that can instantly assess your situation and begin to mitigate the incident.
- Offers instant assessment and mitigation services if your business experiences a cyber breach
- Ensures a coordinated and efficient response to minimise damage.
- A global panel of expert providers which include digital forensics, legal assistance, public relations, ransomware negotiation and data mining to name a few.Â
- Our team is dedicated to guiding, coordinating, and fully supporting your business.
- Our aim is to resume normal operations as quickly as possible.
Speak to one of our specialist underwriters
Cyber Security Insurance for Manufacturing FAQs
-
Cyber insurance for manufacturing can help with the cost of responding to a cyber incident, getting systems back up and running and managing the disruption. It can also cover third-party liabilities if suppliers, customers, or external parties are affected. Subject to policy wording, limits, and conditions.
-
Cyber insurance can help reduce the impact of downtime by supporting incident response, technical investigation, and recovery planning so you can get back up and running faster. It can also respond to the financial consequences of interruption if that’s included in the policy.
-
Old ICS are hard to patch, upgrade, or replace without taking the plant offline. Many weren’t built to withstand modern threats which makes attacks easier to execute and harder to contain, increasing both downtime and recovery time.