Cybersecurity » Ransomware Gangs Target Manufacturers

Ransomware Gangs Target Manufacturers


November 1, 2022

They want lots of money and they want it fast, which is why ransomware gangs are increasingly attacking companies in the manufacturing and production sector. The average ransom paid by manufacturers is more than $2 million, twice the average ransom payment across all sectors. A senior security adviser says that manufacturing is a fat target because of its position in the supply chain. Cyber criminals can demand big ransoms because they know victims are desperate to restore operations. Also, many production facilities run on old computer systems and industrial operational technology, making it difficult if not impossible to apply security patches. A key protection against ransomware attacks is the use of regularly updated and tested offline backups, but manufacturing has among the lowest reported rate of backup use across sectors.

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