Manufacturers Worry Most About Cyber Threats and Supply Chain Risks
Manufacturers are most concerned about cyber threats followed by supply chain disruption according to the 2019 Global Cyber Risk Perception Survey from Marsh and Microsoft.
Seventy-six percent of manufacturers surveyed listed cybersecurity as a top five risk, with 22% ranking it the No. 1 risk to their business, similar to other industries. However, manufacturers are much more concerned than others about supply chain disruption, with 66% ranking it as a leading concern, compared to just 36% of those in other industries.
The report attributes this difference to “the crucial role that supply chains and supply chain partners play in the core business operations of manufacturers relative to companies in other industries,” and its authors recommend managing supply risk “as a collective issue, recognizing the need for trust and shared security standards across the entire network, including the organization’s cyber impact on its partners.”