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The Risks that Manufacturing Firms are Facing and the Impact that Follows

Fusion Risk Management

The reach and criticality of global manufacturers impacts almost everyone. Manufacturers are responsible for sourcing and producing life-sustaining food, medicine, commodities, and goods that we rely on. Additionally, operating in a global environment leaves manufacturers vulnerable to the results of geopolitical tensions.

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Prolonged, wide-area electrical power failure

Emergency Planning

lifts [elevators] blocked: people possibly trapped in them trains stranded: people possibly stranded in them traffic control inoperable: possibility of accidents and queues at road junctions critical facilities (hospitals, police stations, etc.)

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What Service Providers Need to Know About Supply Chain Risk Management

MHA Consulting

Many service providers tune out talk about supply chain risk management since they think the issue only affects manufacturers and retailers. In fact, service providers are also vulnerable to vendor … The post What Service Providers Need to Know About Supply Chain Risk Management appeared first on MHA Consulting.

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Are Your IoT Devices Leaving the Door Open for Hackers?

NexusTek

This can create cyber vulnerabilities due to issues like lack of encryption, substandard authentication processes, or failure to provide timely security updates. For example, manufacturers may designate default credentials that are well-known, that can be easily guessed, or that could be quickly unlocked by hackers using a password cracker.

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Foresight

Emergency Planning

The cascade is a result of the progression of a shock through different kinds of vulnerability. It can signify a means of diversifying assets so as to optimise the way they can be used to exploit people, for example, by shifting manufacturing production to places where wages can most easily be suppressed.

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Strengthening security resilience: A proactive approach to evolving threats

everbridge

Security threats are evolving rapidly, shaped by a combination of cyber vulnerabilities, supply chain risks, geopolitical instability, and natural disasters. According to the National Institute of Standards and Technology (NIST), nearly 43% of cyberattacks in 2023 targeted vulnerabilities within third-party supply chains.

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What is operational resilience?

everbridge

For industries such as Financial Services, Healthcare, Energy and Utilities, Telecom, and Manufacturing, disruptions can have far-reaching effects. People Cross-functional collaboration: Teams from IT, security, leadership, compliance, and operations must work together to identify potential vulnerabilities and develop strategies.