Cyberattacks on Connected Factories Cost Automotive Industry Billions

A white paper by think tank CAM and Cisco reveals that cyberattacks on connected factories have caused billions in financial damage to the automotive industry. The report highlights that suppliers are considered the weakest link in the supply chain, making them primary targets. No specific monetary figures, technical attack vectors, or dates are provided in the excerpt. The focus is on the escalating costs of cyber incidents and vulnerabilities within industrial networks. The automotive sector’s increasing digitalization is implicated as a contributing factor to the rising threat landscape.