If all the news we shared with you last week on the legislative activity on cybersecurity has you looking for more this week, we call your attention to the release of Verizon’s sixth annual Data Breach Investigation Report just made public. The report commonly referred to as the DBIR analyzed more than 47,000 security incidents and studied more than 600 data breaches. What they found is alarming but should not be surprising to all the manufacturers on the front lines working hard to protect their data every day from theft and intrusion.
Manufacturers know their intellectual property, including patents, product designs, and trade secrets are the envy of their competitors around the world. They are therefore the constant target of cyberthieves attempting to access this critical data. The DBIR in fact found that manufacturing is the highest targeted industry (33%) by those motivated by industrial espionage. The report also provides a wealth of data on where the threats originate, what the motivating factors are, and provides some recommended best practices to help prevent them.
This type of research performed by Verizon and other industry segment leaders is extremely useful to their manufacturing peers and policymakers around the world. In the United States, our government made a good step forward to address the threats outlined in the DBIR when the House of Representatives passed H.R. 624, the Cyber Intelligence Sharing and Protection Act (CISPA) on April 18. The NAM now looks forward to working with the U.S. Senate to ensure similar legislation is passed in that chamber and sent to the President for his signature.