Industrial Transformation MEXICO
October 7 - 9, 2020, Poliforum León, León, Guanajuato, Mexico

The Paradox of Cybersecurity in Industry 4.0

Cybercrime is costing companies some 600 billion USD, equivalent to 0.85% of global

Mexico’s ambassador to the UN, Juan Ramón de la Fuente, wrote a very interesting column this week on cybersecurity in which he gave a clear and detailed overview of the new risks that have emerged in today’s digitalized world. To address the challenges of this new era, both in industry and on a global government level, we need to create cooperation, inclusion, education and digital security mechanisms.

The Accenture study “Securing the Digital Economy” offers an excellent example of the scope of the digital era: in just ten years, one out of every four companies has gone from trusting in the Internet to conducting 100% their business transactions digitally.  What’s more, 90% of business leaders now believe the future growth of their organizations depends on a reliable digital economy.

Cybersecurity has subsequently climbed to the top of national and international agendas.

According to the most recent WEF Global Risks report, 80% of organizations are introducing digital innovations faster than their capacity to protect themselves against cyberattacks. For this reason, fraud and data theft are now two of the five main risks CEOs are most likely to face.

Another report published by McAfee in association with the Center for Strategic and International Studies (CSIS) reveals that cybercrime is costing companies some 600 billion USD, equivalent to 0.85% of global GDP.

Nonetheless, actions to combat cyber risks are limited and outdated in both the private and public sectors. A recent study by Forrester Consulting found that, out of a group of thousands of multinationals, 70% fell into the amateur category in terms of their cybersecurity.

This is the paradox of cybersecurity in Industry 4.0, because to stay one step ahead of cybercriminals, organizations need to incorporate the very latest technological tools throughout their entire structure and train their employees in their use.

 

The most recent developments in cybersecurity will be one of the topics discussed at Industrial Transformation Mexico 2019, the first Hannover Messe fair in Latin America. The event will take place on October 9-11 at Poliforum León, Guanajuato, and will feature an educational program designed to sow the seeds of the 4.0 mentality the leaders of the future will need to take on the challenges of the digital era.

To learn more, log on to: https://industrialtransformation.mx/

Read more at: https://heraldodemexico.com.mx/opinion/la-paradoja-de-la-ciberseguridad-en-la-industria-4-0/