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ARTICLE · 20 JANUARY 2017

Manufacturers' Outlook: Time To Get Serious About Cyber Security

When it comes to cyber security, there seems to be a disconnect between how prepared Canadian manufacturers think they are, and how well-equipped they actually are.

CanadaTechnology

When it comes to cyber security, there seems to be a disconnect between how prepared Canadian manufacturers think they are, and how well-equipped they actually are.

According to the PLANT Manufacturers' Outlook 2017 survey, almost half of the 526 respondents rate their concern of cyber threats at a "medium" level—and approximately 50% believe they would be prepared if they were attacked tomorrow. Yet, with only 27% having a formal cyber security strategy in place—and 17% admitting to have taken no steps on the cyber security front—it seems unlikely they are as secure as they think they are.

This is particularly disconcerting given the fact that many Canadian manufacturers are in fact small and medium sized businesses—with small and medium sized businesses now making up 99.7% of the economy, according to the Canadian Chamber of Commerce, and increasingly becoming a target of hackers. With generally fewer resources available to sustain any longer-term disruption

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