Ask an Expert: Five Must-Have Cyber Risk Mitigation Strategies
To build a resilient digital infrastructure and meet insurer expectations, manufacturers should prioritize the following protective measures:
- Enforce Multi-Factor Authentication (MFA) Require MFA for all remote access points, cloud platforms, and internal systems—especially those tied to OT environments. MFA adds a vital layer of security, blocking unauthorized access even when login credentials are compromised. Why it’s essential: Credential theft is a top driver of ransomware and data breaches. MFA drastically reduces this risk.
- Maintain Offline, Encrypted Backups Regularly back up mission-critical data and system configurations, storing them in a secure, offline (air-gapped) location. Why it’s essential: In the event of a ransomware attack, air-gapped backups enable rapid recovery—without paying a ransom.
- Implement a Rigorous Patch Management Program Keep all software, firmware, and operating systems up to date across both IT and OT domains. Follow a strict schedule and verify patch deployment. Why it’s essential: Cybercriminals exploit outdated systems as easy entry points. Timely updates close those gaps.
- Deliver Ongoing Cybersecurity Training Educate employees regularly on digital hygiene, phishing awareness, and social engineering tactics. Make training interactive and role-specific. Why it’s essential: Human error is often the weakest link. Empowered employees are your first line of defense.
- Develop and Test an Incident Response (IR) Plan Create a detailed IR strategy outlining roles, escalation paths, and recovery procedures. Conduct tabletop exercises to validate readiness. Why it’s essential: A well-rehearsed plan ensures swift containment and minimizes operational and financial fallout.
By embedding these five pillars into your cybersecurity framework, manufacturers can protect their operations, preserve intellectual property, and confidently navigate today’s digital threat landscape. It’s not just about compliance—it’s about resilience.
