DZone

The application of the Internet of Things (IoT), bring your own device (BYOD), machine learning (ML), and artificial intelligence (AI) in business has brought a whole new level of hyperconnectivity between industries, their employees, and customers. This high degree of connectivity, however convenient and useful to both manufacturers and customers, comes at a great cost as it opens up systems to outside tampering. Coupled with increasingly sophisticated cyber threats and attacks, these innovations will continue to fuel the importance of cybersecurity in all business domains, including manufacturing, and this cannot be ignored.

Traditionally, though (or at least in the past decade), cyber-crime tended to be specialized or niche-focussed. Most of the cyberattacks in the past decade targeted financial institutions, facilitated through the use of malware designed to collect financial information. The “old” cyber-crime market concentrated on trading stolen credit card data, as well as on the manipulation of the internal networks of global financial institutions. These criminal groups took advantage of the weak margins of co-operation and loosely guarded data entry points characteristic of earlier borderless virtual business environments.

Source: DZone