Collaborate Disseminate
Food is a ubiquitous part of the human experience. Cultures revolve around food; it’s the glue that brings families together at holidays, and it’s essential to survival. Humans must find food, shelter, and water according to Maslow’s Hierarchy of … Continue reading Why Food and Agriculture Need to Accelerate Security Measures in the Second Half of 2021
Confidence isn’t new when it comes to cybersecurity. All the way back in 2015, for example, 86% of security professionals working in the energy sector told Tripwire that they were confident they could detect a breach in a week. Just less than half (49%… Continue reading Survey: Nearly Half of Manufacturers Suffered a Digital Attack in the Last Year
Recent attacks targeting intellectual property (IP) and critical infrastructure are raising the security stakes for manufacturing organizations, as the industry records one of the highest attack rates of any sector since the onset of COVID-19. One in … Continue reading Cybercriminals Increasingly Target Manufacturing, IP
Long before Covid-19 precipitated “digital transformation” across the world of work, customer services and support was built to run online and virtually. Yet it too is undergoing an evolution supercharged by technology. Today, a startup called SightCall, which has built an augmented reality platform to help field service teams, the companies they work for, and […] Continue reading SightCall raises $42M for its AR-based visual assistance platform
Vena, a Canadian company focused on the Corporate Performance Management (CPM) software space, has raised $242 million in Series C funding from Vista Equity Partners. As part of the financing, Vista Equity is taking a minority stake in the company. The round follows $25 million in financing from CIBC Innovation Banking last September, and brings […] Continue reading Vista Equity takes minority stake in Canada’s Vena with $242M investment
Cyber Threats to Physical Systems are Increasing in Sophistication and Volume
The recent growth in cyber-attacks against operational technology (OT) systems is unprecedented.
According to IBM’s 2020 X-Force Threat Intelligence Index report, targe… Continue reading The Physical Impact of Manufacturing Cyber Threats
Halvor Molland was asleep on a brisk night in Oslo, Norway’s capital, two years ago when his phone rang around 3 a.m. The computer servers of Norsk Hydro, the global aluminum producer where Molland is senior vice president for communications, had seized up as a crippling ransomware infection spread through the company’s networks. “The feeling is: You really don’t believe it,” Molland recalled in a recent interview. “There was a decision then to shut down the network altogether, because at some point there was nothing left to isolate.” The ransomware attack would cost Norsk Hydro, which employs 35,000 people and has roughly 200 factories around the world, between $90 million and $110 million as production in some factories halted for weeks. Yet Molland and his team did something unusual for a large industrial organization disrupted by hackers: They told the public what happened in vivid detail, releasing video interviews in […]
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Continue reading As ransomware stalks the manufacturing sector, victims are still keeping quiet
As fascinating and frustrating as it was to watch the recent Suez canal debacle, we did so knowing that the fallout from it and the analysis of its impact would …read more Continue reading JIT vs. AM: Is Additive Manufacturing the Cure to Fragile Supply Chains?
Honeywell, a Fortune 100 firm that makes aerospace and energy equipment, said Tuesday that malware had disrupted “a limited number” of its computer systems. Honeywell said it had “returned to service” following the incident, but the Charlotte, North Carolina-based firm’s statement did not elaborate on how service was disrupted. A Honeywell spokesperson did not immediately respond to questions on the incident, including whether ransomware was involved and who was responsible. Honeywell, which reported some $33 billion in sales last year, said it did not expect the malware disruption to have a “material impact” on the firm. Honeywell called in Microsoft to help remediate the intrusion, and the computer systems have “since been secured,” the statement said. “Our investigation is ongoing, but at this point, we have not yet identified any evidence that the attacker exfiltrated data from our primary systems that store customer information,” Honeywell added. “If we discover that […]
The post Industrial giant Honeywell says it has ‘returned to service’ after cyber intrusion appeared first on CyberScoop.
Continue reading Industrial giant Honeywell says it has ‘returned to service’ after cyber intrusion
The small city of Naka (pop. 53K), a two-hour train ride from Tokyo on the eastern coast of Japan, was thrust into the international spotlight in the early dawn of …read more Continue reading Fire at Renesas Plant Fuels Chip Supply Woes