• Skip to main content
  • Skip to primary sidebar

More investment in cybersecurity seen globally, including F&B

Asia Food Journal
  • Home
  • Latest News
  • Channels
    • Packaging
    • Ingredients
    • Processing
  • Subscribe
  • Advertise
  • Event Calendar
  • Contact Us
Share
Leaderboard of Asia Food Journal

More investment in cybersecurity seen globally, including F&B

February 10, 2022 by Asia Food Journal

Cottonbro/Pexels

According to an independent survey conducted by security company Claroty, 4 in 5 organisations in the Asia-Pacific (APAC) region have been impacted by ransomware. Over half paid ransom, as revealed by the Global State of Industrial Cybersecurity 2021: Resilience Amid Disruption.

Recently, companies in the food and beverage industry were targeted by large-scale cyberattacks. In 2021, global meat processor JBS paid about $11 million in ransom to resolve a cyberattack. Recently, U.K.-based KP Snacks were also under attack, crippling IT and communication systems and affecting supply of popular British snacks until at least the end of March.

Leaderboard of Asia Food Journal

These high-profile cyberattacks on critical infrastructure have driven many organisations to increase investment in ensuring their systems can withstand ransomware and other similar attacks. In APAC, about 90% have accelerated digital transformation, which includes updating processes, controls and operational systems.

Respondents have reported $500,000 to $5 million per hour of lost revenue during a downtime event caused by a cyberattack. This is besides paying ransom fees, which range from $100,000 to $1 million.

Claroty CEO Yaniv Vardi said: “Our research shows that critical infrastructure security is at a pivotal juncture, where threats are proliferating and evolving, but there’s also a growing collective interest and desire in protecting our most essential systems. Security leaders looking to take their programs to the next level must account for all cyber-physical systems in their risk governance practices, segmenting their IT and OT networks and assets, extending their general IT cybersecurity practices to their OT devices, and consistently monitoring for threats across all networks.”

Other Topics: Automation, Claroty, cyberattacks, cybersecurity, digital infrastructure, digital risk management, digital security, ransomware

Related Articles

  • Photo: Anuga FoodTec

    Anuga FoodTec 2022 to return as in-person event
  • Courtesy of Motoman - Yakasawa

    Yakasawa rolls out new plug-and-play cobots
  • LuAnn Hunt/Unsplash

    Croptracker set to introduce AI-powered scanning tech
  • Michael Fousert/Unsplash

    Higher demand of machine vision systems to be seen in F&B
  • Digitising food processing has ensured the food and beverage industry's survival during the pandemic.

    Fixing the fragile food system through technology
  • Mati Mango/Pexels

    Shining a light on cybersecurity in F&B
Leaderboard of Asia Food Journal

Primary Sidebar

Stay Connected

Trending News

Subsribe to Our News Letter

Subscribe To
Our Newsletter


Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: Harvest Information Pte Ltd, 150 Orchard Road #07-05, Singapore, 238841, http://www.payloadasia.com/, https://tva.onscreenasia.com/. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Subsribe to Our News Letter

Subscribe To Our Newsletter

Signup here to get the latest news and updates.

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: Harvest Information Pte Ltd, 150 Orchard Road #07-05, Singapore, 238841, http://www.payloadasia.com/, https://tva.onscreenasia.com/. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

© 2021 Harvest Information. All rights reserved. Privacy Policy.