Chemical Industry a High value target for Cyber attacks

The Chemical industry is facing an onslaught of Cyber attacks. A UK Government study from 2021 estimated that Cyber attacks created a loss of £1.3 Billion for companies operating within the chemical industry.

Cyber attacks on Chemical industries can cause risks to income, health and safety and to the security of their intellectual property. Chemicals are volatile and if a vital machine is shut down due to a cyber attack, then human lives can be at risk. The shut down of machines can also put a halt to production, meaning orders are not fulfilled and the company may lose money and customers.

One of the cyber threats that can affect Chemical companies the most is Industrial espionage. This involves the stealing of one company’s Intellectual property and selling it to another. Another threat that can affect Chemical companies is ransomware attacks. Due to the importance of keeping production running smoothly, more pressure is put on the company to pay the ransom. 

These factors are why the Chemical industry is such a high value target, as criminals can make large amounts of money from extortion and espionage.

Safety, reliability and availability are priority physical risks associated within any chemical plant. Traditional enterprise cyber security technology was never designed to protect interfaces in the physical world like Supervisory Control and Data Acquisition (SCADA), Industrial Control Systems (ICS), and Distributed Control Systems (DCS).

To fully protect your mission critical infrastructure, you need a platform that was designed for Operational Technology.

Fundamentals First have taken an industry standard, Operational Technology platform and combined it with an enterprise Security Operations Centre (SOC). Not only can we offer you state of the art protection within your chemical plant, but we can also patch, monitor, and proactively hunt security issues across your desktop, server and network estate 24/7.
To learn more about how Fundamentals First can protect your business, visit our website.

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