Three quarters of manufacturing companies claim they are aware of cyber risks and can deal with most of them — but, in reality, many still lack the skills and security practices to do so, new research has found.
In a survey of 350 industrial groups across Europe and the US, conducted by the Financial Times’ Longitude research and consulting business, 75 per cent reported that they either knew of a cyber attack being mounted against their operations (40 per cent) or had knowingly avoided an attack (35 per cent).
Among those that did suffer a cyber attack or data breach, nearly half said it dented their profits, while four in ten acknowledged there had been reputational damage as a result, and a reduction in sales.
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