Disclosure is key to fighting cyber attacks

If your company was hit by a Ransomware attack, would you tell anyone?

Of 500 manufacturing sector employees in the U.S., Germany and Japan surveyed by security firm Trend Micro, 61 percent said they had experienced cybersecurity incidents, with many of those cases causing system outages.

Sadly, these numbers are likely to grow, since for the majority of manufacturers, the first rule of a cyber attack is to not talk about the cyber attack.

Many ransomware victims, across different sectors, remain reluctant to discuss their experiences for fear of losing clients or admitting that they paid criminals in order to recover their data.

Reducing the stigma around publicly discussing cyber-incidents can make factory operations safer. Information sharing is vital to effectively respond to digital intrusions that are increasingly affecting manufacturers’ bottom lines.

But it’s a difficult path when businesses are fearful of these disclosures. CyberScoop requested interviews with a dozen manufacturers in Europe and the U.S. that have reportedly had their production disrupted by ransomware incidents. Nearly all either declined to comment, did not respond or said an executive was unavailable by press time.

Transparency is key to combating cyber crime, as it gives vendors and companies vital information regarding vulnerabilities and breaches, and helps provide law enforcement with the tools to fight future attacks..

Manufacturers remain wary of the reputational damage that can result from cyberattacks, But experts say early and full disclosure can thwart similar attempts, and help other organizations deter cyber crime, to everyone’s benefit.At Net Compliance Solutions, we are constantly working with our business customers to stay ahead of cyber criminals and keep your data safe. If you have any questions about how to prevent the next cyber crime attack, give us a call at (855) 879-2373.