In a notable deviation from the norm, Bassett Furniture Industries, a major U.S. furniture manufacturer, has publicly acknowledged that a recent ransomware attack will have a material impact on its business operations until recovery is complete. This announcement marks the first time a company has
The landscape of the automotive industry is undergoing a radical transformation thanks to the substantial advancements in artificial intelligence (AI) and embedded systems. These technologies are redefining what vehicles can do, promising not just enhanced safety but also a more seamless
The manufacturing sector has emerged as a prime target for cybercriminals, leading to a surge in cyber attacks over the past three years. According to the IBM X-Force Threat Intelligence Reports of 2024, more than 25% of security incidents last year were aimed at this industry, highlighting the
In today's interconnected world, the lines between Operational Technology (OT), the Internet of Things (IoT), and Information Technology (IT) are increasingly blurred. This convergence brings multiple efficiencies and capabilities but also introduces significant security challenges. Critical
In the rapidly evolving landscape of manufacturing, technology plays a pivotal role in ensuring efficiency, security, and competitiveness. Yet, many manufacturers are on the precipice of severe risk due to reliance on outdated SAP enterprise resource planning (ERP) systems. As SAP advances its
In 2022, there was a staggering 2,000 percent increase in cybersecurity attacks targeting commonly used protocols, with threat actors increasingly focusing on disrupting operational technology (OT) operations. Critical infrastructure environments, which include power plants, grids, and distribution
