Encrypt 4.0 project wants to reinforce cybersecurity in the industry and Portugal is also part of it – Negócios
Cybersecurity risks in Industry and Manufacturing are growing and becoming more complex, putting you as an SME. It is estimated that 60% of SMEs that eliminate a cyber attack end up losing their business within six months, which is why it becomes increasingly important to equip companies with the right tools.
It is in this context that the Encrypt 4.0 project, a joint initiative to create a task force on cybersecurity in European Industry. Portugal is one of the six countries that are part of the consortium that will lead the project, with ISQ a leader in the development of the Cybersecurity Risk Matrix for companies in the Manufacturing sector, within the scope of Industry 4.0.
In a statement, Pedro Matias, president of the ISQ Group, explains that the matrix “will allow a systematic overview of the cybersecurity risk scenario and the creation of accurate risk profiles, in real time, in order to enable the adoption of preventive and establish corrective measures, in smart companies”.
According to the official, ISQ will also “develop online training laboratories in cybersecurity as well as a document collection tool with real cases of cyberattacks that will be fed and commented on in an open regime”.
Citing data from the World Economic Forum, ISQ indicates that cyber attacks on critical infrastructure are among the top five global risks, becoming the new standard in sectors such as energy, healthcare and transport. On the other hand, Manufacturing is also suffering from increases. Organized cybercrime is on the rise with the increasing sophistication of darkweb tools, making their services cheaper and easier to receive.
“But the defense capacity of SMEs is generally weaker compared to large companies and the numbers are advanced that only 14% of affected SMEs recover without external assistance”, indicates Pedro Matias.
In an attempt to maintain a competitive advantage by adapting to Industry 4.0 practices, as Manufacturing companies invest in control systems and external consultants, however, the implementation of an integrated approach to cyber risk management ends up being something relegated to second. plan.
Thus, as stated by Andreia Morgado, project manager, “the Cybersecurity Risk Matrix will outline key risk indicators that will be easily communicated to real-time data”.