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Until now, attacks on manufacturing IT systems tended to be hit or miss. Sometimes they succeeded, but mostly they did not. That won’t be the case for long. Many of these facilities are poorly equipped to fend off cyberattacks.
In March, the aluminum manufacturer Norsk Hydro was a target of a cyberattack. The hackers managed to insert malware known as LockerGoga into the corporate network of the global company. And then it activated the software.
Countless documents, presentations and Excel files on Norsk Hydro servers and workplace computers were encrypted, dealing a severe blow to company operations. A month later, on April 12, most of the company’s 35,000 employees reportedly could still no longer do their jobs. Almost a month after that, according to a company bulletin, its IT systems only had limited functionality in three of five company areas.
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The French-based automotive supplier has invested in GuardKnox to help secure vehicle connectivity and data processing.
ZF Friedrichshafen’s new research center in Germany will focus on artificial intelligence and cyber security.
OSR’s Orit Shifman explains how to protect a car from attacks with AI and single digital control center
Volvo Group said its venture capital arm has invested in Israeli automotive cybersecurity specialist Upstream Security. It also announced that it would form a dedicated new business arm for autonomous vehicles.
Faurecia has opened an office in Tel Aviv, where it hopes to accelerate its cyber security strategy.
More than two-thirds of all companies worldwide plan to spend at least 5% of their IT budgets on cyber security next year, according to a new poll. That’s up from 56% of companies polled a year ago.
