Oct 22, 2020

Five security trends manufacturers need to be aware of

Lookout
Manufacturing
Supply Chain
Digital Transformation
Sean Galea-Pace
3 min
Five security trends manufacturers need to be aware of
The manufacturing industry is one of the primary targets for mobile attack...

In fact, 41% of manufacturing companies admitted to suffering a mobile-related compromise with 67% of those saying the impact was major -Verizon Mobile Security Index 2020. 

The reason for that has to do with the way the Manufacturing industry operates. The industry relies on mobile devices and cloud solutions to effectively transition products from the design studio to the shop floor. Providing plenty of opportunities for ill-intentioned hackers to access valuable data.

To better understand the modern threat landscape and the most recent trends facing Manufacturers, download the full whitepaper: How manufacturers can mitigate mobile phishing risks

Five security threat trends manufacturers need to be aware of: 

1. Mobile phishing and malware on the rise Mobile phishing is the primary way malicious actors trick people into downloading malware. Tactics have evolved beyond email phishing to target users via SMS and messaging applications such as WhatsApp or Messenger, even dating apps. An analysis of nearly 200 million devices carried out by Lookout suggests that Manufacturers in Europe are 46% more likely to encounter a phishing attack than their peers in the rest of the world. Learn more.

2. The shift to remote work creates new risks

23% of organizations said cybersecurity incidents have increased since transitioning to remote work, according to the cybersecurity firm (ISC)². More personal devices than ever before are connecting to company networks. And because all of us are using mobile devices for both personal and professional purposes – any attack on a personal device is a threat to the organization’s data. Learn more.

3. Digital safety concerns in a cloud-driven world Manufacturers have embraced software-as-a-service (SaaS) for productivity and collaboration. The benefits are many however, it has opened sensitive data up to greater cyber risk. Credential abuse is the top attack-vector for SaaS and cloud apps. In fact, a survey by Osterman Research highlights that 40% of organizations say their Microsoft Office 365 account credentials have been compromised. Learn more.

4. Third-party risk

The more, the risker. An expansive supply chain puts manufacturers at greater third-party risk. According to a recent report from Deloitte, 28% of manufacturers admitted to having a security breach involving 3rd party data. Learn more.

5. Protecting Intellectual Property

The manufacturing industry remains one of the primary targets for mobile attack due to highly valuable intellectual property (IP). 87% of manufacturers are concerned about competitors or cybercriminals stealing their trade secrets or intellectual property according to the Verizon Mobile Security Index, 2020. Learn more.

Every smartphone and tablet should be treated as a potential source of threat. Whether it is in the hands of an engineer, a business development executive, or the HVAC service person. Adopting a security solution that adheres to a Zero Trust model, whereby the health of all mobile devices are monitored in real-time, will ensure your organization’s data is secure. Lean how you can mitigate the risk of a data breach from a mobile device at lookout.com

Lookout is offering a 90 day free trial of the leading mobile security application. Get it here.

Share article

Jun 23, 2021

Expo 2020: SAP Ariba to Digitise and Automate Procurement

SAP
Ariba
Expo2020
Dubai
3 min
SAP Ariba solutions will digitise and automate procurement processes for more than 25,000 Expo 2020 Dubai suppliers

Expo 2020, a World Expo that is set to be hosted by Dubai in the United Arab Emirates (UAE), was originally scheduled to run from 20th October 2020 until 10th April 2021, but, as with just about everything in the world of supply chain, the COVID-19 pandemic forced event organisers to postpone the highly-anticipated get-together. The new date for the Expo, which will be hosted in the Dubai Exhibition Centre, spanning across a 438-hectare space, is Friday 1st October, until 31st March 2022. But, there will be limitations to who can and cannot attend the event, so SAP has stepped in to fix the problem. 

 

What is Expo 2020?

‘Expo 2020 and SAP have run a series of onboarding summits for Expo’s valued supply chain network. As Expo’s procurement needs shift from construction to interior fit-outs, facilities management and technology services, Expo 2020 and SAP will continue to provide ongoing one-on-one support, including a dedicated helpdesk, to guide suppliers throughout the evolution to digital transactions and processes.

 

Expo 2020 Dubai, which will open its doors to the world from 1st October 2021 to 31st March 2022, is the first World Expo and only the second mega-event to secure a Procurement Excellence Award from the Chartered Institute of Procurement & Supply.’

 

SAP Ariba’s Solution

In a recent announcement, it was told that more than 25,000 of Expo 2020 Dubai’s local and global suppliers would benefit from a real-time, unified digital procurement and payment platform, thanks to technology provided by SAP, the events Innovative Enterprise Software Partner. 

 

The solution, provided by SAP Ariba, will supposedly fully digitise and automate the procure-to-pay lifecycle, providing a streamlined digital experience for Expo 2020’s suppliers while simultaneously enhancing transparency and efficiency across the event’s global supply chain. ‘The global technology company’s cloud-based SAP Ariba procurement solutions run on its UAE public cloud data centre and connect to Ariba Network enabling buyers and suppliers to connect and transact’, according to SAP

 

Mohammed AlHashmi, Chief Technology Officer, Expo 2020 Dubai, said: ‘Expo 2020 is a long-term investment in the future that aims to enhance opportunities for sustainable business connectivity and growth in both domestic and international economies. Our partnership with SAP is an example of what can be achieved with the invaluable support of our technology partners to host one of the most digitally advanced World Expos ever. The implementation of SAP Ariba solutions has transformed our end-to-end procure-to-pay cycle and helped set new standards of procurement automation for projects of this scale.’

 

Through SAP Ariba’s collaborative and mobile-friendly platform, any registered suppliers at Expo 2020 will be able to participate in sourcing events and the negotiation and signing of contracts; users will also be able to submit invoices and track payments in real-time. According to the platform, Expo 2020 has already transacted in excess of AED 1 billion on the platform, ‘highlighting its commitment to driving long-term business growth in the region and beyond, with a particular focus on small and medium enterprises (SMEs).’

 

Claudio Muruzabal, President of EMEA South, SAP, said: ‘Expo 2020 Dubai is demonstrating global best practices in digitising its procurement process with SAP Ariba solutions to help gain visibility into its spend, tighten collaboration with its suppliers, and achieve process automation, including completely paperless invoicing. Expo 2020 has already brought more than AED 1 billion in spend under management with SAP Ariba solutions.’

 

Share article