Author: Rees Machtemes, P.Eng.

Manufacturing, vital yet risky, faces a growing threat: criminal ransomware. Waterfall Security Solutions’ 2024 Threat Report reveals a spike in ransomware attacks, causing severe disruptions in the industrial sector. Over half of the 68 recorded attacks in 2023 targeted manufacturing, resulting in costly shutdowns. With incidents nearly doubling yearly, plant operations will continue to see more downtime. However, the report also highlights key areas for improving OT cybersecurity, building resilience, and maintaining competitive operations.