Thu. May 30th, 2024
ICC Cybersecurity summit 2020 online news,Hyderabad,18th June 2020:  Debmalya Banerjee , Regional Director Indian Chamber of Commerce (ICC) in his Welcome remarks said:,ICC bulk of the membership is from the manufacturing sector. Around 50% of ICC Membership is into Manufacturing and Infrastructure. Technically prospective of cybersecurity for manufacturing are today needed high priority. Under such a back drop it’s a privilege for ICC to host Cyber summit 2020 with ICC members community”.In a keynote address By Shubhamangala Sunil, Director – Global Cyber Security Response Team (GCSRT) said,:“Cyber Crime impact on Manufacturing and infrastructure, either at the normal days or at the time to Covid 19 situation the impact has made its foot print to prove that cyberspace or digital world needs more attention than we have calculated either with of time or money investment.In the present era industrial sector is being challenged by several cybersecurity concerns like Direct attacks by malicious persons and (or) software form part of the severe jeopardies of industrial control systems (ICSs). These affect products/production qualities, brand reputations, sales revenues, and aggravate the risks to health and safety of human lives.The scale and variety of cyber-threats to manufacturers have grown considerably in recent years, and now range from rare and sophisticated Stuxnet-style attacks to relatively frequent ransomware risks. In addition to malware attacks on industrial firms, cyberattacks on manufacturers can include efforts to corrupt data, steal intellectual property (IP), sabotage equipment, and disable networks. The purposes and effects of attacks vary widely, but all such incidents cost time and money to industrial firms and their customers.

As manufacturing becomes increasingly digitized and data-driven and having more of the IoT involved, manufacturers will find themselves at serious risk. threats continue to rise irrespective of size of the organisation size. The complexities of multi-organizational dependencies and data management in modern supply chains mean that vulnerabilities are multiplying, as every data is valuable andAccording to a recent study by IT services provider Wipro, of the total critical resources or assets offered on the Dark Web, 14% were from the manufacturing sector, with the rest from banking and finance, and healthcare, among others”.

The assets ranged from industrial designs, blueprints for new projects and even operating parameters of a manufacturer, it said, not just pure financial information or details on monthly production numbers. Manufacturers have become more vulnerable to cyber-attacks after shifting to Cloud infrastructure and services, analysts said. Increased digital connectivity means manufacturers face threats from various quarters,Cybersecurity for manufacturing requires serious attention. The sector presents special security challenges because of the unique nature of cyber physical systems (,which includes operations technology (OT) such as industrial control systems (ICS), supervisory control and data acquisition (SCADA) systems, and networked machines, sensors, data, and software.Cybersecurity measures must be enhanced to protect highly integrated and interoperable network of manufacturers and service providers”.Vinayak Godse, Vice President, DSCI (a NASSCOM initiative) in special address said,:“Imperative of OT Security – Asset, Function, Operations and Process all come under OT Environment impact, preparedness and threats / Risks are determines there criticality. The impact may be on strategic national importance, operational impact, business impact, public inconvenience, public safety and sensitive information, interdependencies, National Investment , technology/ Business overhaul losses to economy”.

In his concluding remarks by Naveen Madishetty, Regional Head (ICC) said,:“People to people communication have been revolutionized through advent of telecom and internet. Now the device to device or machine to device connectivity will happen globally,eventually leading to fourth industrial revolution. and cyber security will be the strategic defence tool safeguarding its infrastructure and factories of any nation or industry and not the national armed forces”.