Manufacturing companies have traditionally focused on keeping workers safe and protecting their machinery. But now, cyber threats are becoming just as dangerous as physical risks like fires or equipment breakdowns. Cyberattacks are increasing worldwide, with threats rising nearly 50% and ransomware attacks more than doubling.
Manufacturers are a popular target because they hold valuable data, rely on continuous operations, and often have weak cybersecurity. Many plants don’t realize their biggest weakness may be their computer networks, not the machines on the factory floor.
Jim Lewis, a senior loss control consultant at Central Insurance, explains that many manufacturers weren’t built with strong cybersecurity in mind. Their systems collect sensitive information like employee records and proprietary data, which can be easily stolen or exposed if they’re not careful. Around 80% of manufacturers reported more cyber incidents last year, but less than half feel ready to handle these risks. Small and mid-sized manufacturers struggle the most, often relying on just one person with limited IT knowledge to manage their systems. Budget limits and the need for specialized skills make strong defenses hard to maintain.
The consequences of cyberattacks are serious. They can include theft of money, long production shutdowns, damage to a company’s reputation, legal troubles, and lost sales. For smaller manufacturers especially, one big attack could threaten their entire business.
Some common cyber threats in manufacturing are ransomware, phishing scams that trick employees, fake emails pretending to be trusted vendors, theft of intellectual property, and insider threats from employees misusing access. Hackers often target company leaders because they have the most access to sensitive information.
The good news is there are steps manufacturers can take to reduce their risks. Experts suggest starting with a risk assessment to find weak spots. Encrypting data makes stolen information harder to use. Using multi-factor authentication adds extra security beyond passwords. Access should be limited to only what employees need, and networks should be separated to protect sensitive parts. Employee training is key, teaching workers how to spot phishing emails and avoid risky actions. Finally, having proper cyber insurance helps cover costs if something does happen.
Central Insurance offers several resources to help manufacturers protect themselves. Independent agents can provide advice and coverage guidance. Their Cyber Suite program includes insurance with multiple layers of defense. They also have webinars and bulletins to train employees and share best practices. Loss control consultants can visit facilities to suggest improvements and connect businesses with the right resources.
Cybersecurity is no longer just an IT issue—it’s a crucial part of managing risk. With valuable data and limited internal resources, manufacturers need to prepare for threats or face serious consequences. Central Insurance, with nearly 150 years of experience, is helping companies safeguard their operations and plan for a safer future.
Manufacturers interested in protection and guidance can reach out to their local independent Central agent to learn more about cyber risk management and coverage options. Staying ahead of cyber threats will help manufacturing businesses stay strong in today’s digital world.