2016 Manufacturing Report

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2016 Manufacturing Report

Key Finding: Manufacturers are Vulnerable to Cyber ThreatsThese 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.https://www.sikich.com/wp-content/uploads/2016/04/MFG_report_2016_figure_2_impact_drivers.jpgOther Key Findings in the Report

Manufacturers are looking to technology in order to ensure future growth

Investmenting in research and development is seen as critical.

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This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.

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