2016 Manufacturing Report

Key Finding: Manufacturers are Vulnerable to Cyber Threats

These days, it is not uncommon to hear about a recent cyber attack. News outlets are reporting cyber attacks more frequently and highlighting the fact that retail, health care and governments are not the only industries vulnerable to data breaches.

Attacks against the manufacturing industry continue to rise. The Verizon 2015 Data Breach Investigations Report shows that the contributors to the report reviewed 525 separate incidents within the manufacturing industry segment, up from 251 in 2014. Of these incidents, more than 60 percent were attributed to some form of cyber-espionage. In fact, the Federal Bureau of Investigation (FBI) estimates that hundreds of billions of dollars of U.S.-based intellectual property is leaving the U.S. through computer-based attacks each year.

Other Key Findings in the Report

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Manufacturers are looking to technology in order to ensure future growth

Investmenting in research and development is seen as critical.

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By |2018-04-27T11:27:35+00:00April 18th, 2016|CFO, Cloud, Cloud Readiness, Cloud Whitepapers, Dynamics AX, Industrial Equipment Manufacturing, Manufacturing, Report, Security, White Paper|Comments Off on 2016 Manufacturing Report

About the Author:

Sikich LLP
Sikich is a leading professional services firm specializing in accounting, technology and advisory services. For over 30 years, Sikich has been helping clients focus on overall business growth and the components that result in building the bottom line. Sikich has more than 750 associates and has been ranked as one of the country’s 30 largest accounting firms and among the top one percent of all enterprise resource planning solution partners in the world.
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.

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