As manufacturers continue to explore new avenues for growth with emerging technologies, it is important to analyze risk and security. The manufacturing industry has experienced a 44% increase in cyber risks since 2013. This year, 92% of manufacturers listed cybersecurity concerns in their SEC disclosures. It is also the first time that BDO USA, LLP ranked cyber risk among manufacturers’ top 10 risk factors.
The chart below is courtesy of BDO USA, LLP and highlights the top 25 risks named by the largest 100 publicly traded U.S. manufacturers. We believe these risks also affect privately-held manufacturers.