AI Bolsters Cybersecurity in Manufacturing Organisations: Study

239

Cybersecurity solutions that are enhanced with AI and ML capabilities can autonomously learn the normal behaviour for connected devices

Artificial intelligence (AI) is a powerful tool that can help the manufacturing organisations in defending themselves against rising sophisticated cyberattacks, according to a joint study by Microsoft and Frost & Sullivan.

AI plays a crucial role in manufacturing organisations as they increasingly depend on machine learning (ML) automation to enhance their efficiency and output by scale, along with cutting down cost and downtime through predictive maintenance.

AI-based approach

As per the study, 67 per cent of manufacturing organisations in the Asia Pacific (APAC) region have either adopted or are considering adopting an AI-based approach to enhance their security posture.

Cybersecurity solutions that are enhanced with AI and ML capabilities can autonomously learn the normal behaviour for connected devices on the organisation’s network, and swiftly detect cyberthreats at scale through the behavioral anomalies’ detection.

In addition, the cybersecurity teams can set up rules to quarantine or block devices that are not performing as expected before they can possibly damage the environment. These AI-run cybersecurity engines allow manufacturing organisations to address one of their biggest and most complex security challenges as they integrate thousands or even millions of Internet of Things (IoT) devices into their operational technology (OT) and information technology (IT) environments.

Adopting a security approach

Scott Hunter, Regional Business Lead, Manufacturing, Microsoft Asia, said, “Technology advances and innovations in intelligent manufacturing are delivering game-changing breakthroughs for leading businesses in every sector. As manufacturing organisations focus on increasing data-driven products and services to differentiate themselves in the global economy, building and maintaining trust within their ecosystem of partners and customers becomes an even bigger priority.”

Hunter further said, “Cyber attackers are constantly looking for opportunities, so the more businesses know about their techniques and tradecraft, the better prepared they will be to build defenses and respond quickly. Building organisational resilience and reducing risk by adopting a security approach that includes prevention, detection and response can make a huge difference in the overall cybersecurity health of a manufacturing organization.

The study also found that cyberattacks can cost an average of US$ 10.7 million to large manufacturing organisations in terms of economic loss. On the other hand, the average economic loss for mid-sized manufacturing organisation was US$ 38,000. In addition, cybersecurity incidents have resulted in job losses across various functions in over 63 per cent manufacturing organisations.

LEAVE A REPLY

Please enter your comment!
Please enter your name here