Manufacturing is Top Targeted Industry for Cybercrime So Far in 2024

Critical Start, a provider of in Managed Detection and Response (MDR) cybersecurity solutions and a pioneer in Managed Cyber Risk Reduction (MCRR), recently released its biannual Cyber Threat Intelligence Report, featuring the top threats observed in the first half of 2024, and emerging cybersecurity trends impacting the manufacturing, healthcare, technology, professional services, engineering, and construction industries. The report also includes actionable insights to help organizations strengthen their security posture and proactively mitigate potential cyber risk.

Global cybercrime has shown no sign of decline and is expected to grow by 15 percent per year over the next five years, reaching $10.5 trillion annually by 2025, up from $3 trillion in 2015. To identify the most urgent cybersecurity threats of the first half of 2024, the Critical Start Cyber Research Unit (CRU) analyzed 3,438 high and critical alerts generated by 20 supported Endpoint Detection and Response (EDR) solutions, as well as 4,602 reports detailing ransomware and database leak activities across 24 industries in 126 countries.

The first half of 2024 saw a worrying trend in cyberattacks targeting specific industries and key report findings include:

  • Manufacturing and Industrial Products remains the top targeted industry by cyber threat actors in H1 2024, leading with 377 confirmed reports of ransomware and database leak hits in the first half of the year
  • Professional Services saw an increase in reported database leaks and ransomware attacks, jumping by 15% compared to 2023 with 351 cases reported vs. 334. Legal services organizations, including courthouses, and supply chains have become prime targets due to the wealth of intellectual property and sensitive data they possess
  • Healthcare & Life Sciences ransomware and database leak incidents surged by 180% in February 2024 compared to the same period in 2023, coinciding with the attack on Change Healthcare and other healthcare providers
  • Engineering and Construction remained a consistent target for cyberattacks in the first half of both 2023 and 2024 with the United States bearing the brunt of cyberattacks in the first half of 2024, experiencing a staggering 46.15% increase compared to 2023
  • Technology Critical Start found a 12.75% decrease (from H1 2023) in database leaks and ransomware attacks targeting technology companies.

“The first half of 2024 has painted a concerning picture of the ransomware threat landscape. We are continuing to observe a surge in ransomware and database leak activities,” said Callie Guenther, Senior Manager of Cyber Threat Research at Critical Start. “With bad actors becoming more sophisticated, it is vital for organizations to have a strong security culture and strategy in place. Managed Detection and Response (MDR) solutions that integrate asset inventory, endpoint controls security coverage, and MITRE ATT&CK® Mitigations, help organizations proactively mitigate risk, leading to a reduced attack surface and a more resilient security infrastructure.”

Featured

  • Allegion, Comfort Technologies Implement Mobile Credentials at the Artisan Apartment Homes in Florida

    Artisan Apartment Homes, a luxury apartment complex in Dunedin, Florida, recently transitioned from mechanical keys to electronic locks and centralized system software with support from Allegion US, a leading provider of security solutions, technology and services, and Florida-based Comfort Technologies, which specializes in deploying multifamily access control, IoT devices and software management solutions. Read Now

  • Mall of America Deploys AI-Powered Analytics to Enhance Parking Intelligence

    Mall of America®, the largest shopping and entertainment complex in North America, announced an expansion of its ongoing partnership with Axis Communications to deploy cutting-edge car-counting video analytics across more than a dozen locations. With this expansion, Mall of America (MOA) has boosted operational efficiency, improved safety and security, and enabled more informed decision-making around employee scheduling and streamlining transportation for large events. Read Now

  • Security Industry Association Launches New “askSIA” AI Tool

    The Security Industry Association (SIA) has unveiled a brand-new SIA member benefit – askSIA, a conversational AI agent designed to help users get the most out of their SIA membership, easily access SIA resources and find the latest information on SIA’s training and courses, reports and publications, events, certification offerings and more. SIA members can easily find askSIA by visiting the SIA homepage or looking for the askSIA icon in the top left of webpages. Read Now

    • Industry Events
  • Industry Embraces Mobile Access, Biometrics and AI

    A combination of evolving workplace dynamics, technology innovation and new user expectations is changing how people enter and interact with physical spaces. Access control is at the heart of these changes. Combined with biometrics and AI, mobile access control has become increasingly crucial for deploying entry solutions that are seamless, secure and adaptive to user needs. Read Now

  • Sustainable Video Solution Delivered for Landmark City of London Office Development

    An advanced, end-to-end video solution from IDIS, with a focus on reducing waste and costs, has helped a major office development in the City of London align its security with sustainability objectives. Read Now

New Products

  • A8V MIND

    A8V MIND

    Hexagon’s Geosystems presents a portable version of its Accur8vision detection system. A rugged all-in-one solution, the A8V MIND (Mobile Intrusion Detection) is designed to provide flexible protection of critical outdoor infrastructure and objects. Hexagon’s Accur8vision is a volumetric detection system that employs LiDAR technology to safeguard entire areas. Whenever it detects movement in a specified zone, it automatically differentiates a threat from a nonthreat, and immediately notifies security staff if necessary. Person detection is carried out within a radius of 80 meters from this device. Connected remotely via a portable computer device, it enables remote surveillance and does not depend on security staff patrolling the area.

  • Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

    Connect ONE®

    Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

  • Automatic Systems V07

    Automatic Systems V07

    Automatic Systems, an industry-leading manufacturer of pedestrian and vehicle secure entrance control access systems, is pleased to announce the release of its groundbreaking V07 software. The V07 software update is designed specifically to address cybersecurity concerns and will ensure the integrity and confidentiality of Automatic Systems applications. With the new V07 software, updates will be delivered by means of an encrypted file.