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The Importance of a Secured Backup System in Manufacturing

A Platform For Collaboration

OpenGov Asia is pleased to invite you to our exclusive Manufacturing Tech Day aimed at imparting knowledge on how manufacturing organisations can accelerate cybersecurity and recovery strategies to mitigate all cyber threats.

Accelerating security strategies to ensure rapid recovery and data restoration to mitigate cybersecurity risk

Manufacturing companies must be aware of the evolution of cybersecurity and understand the threats that exist today. This will facilitate the safety of systems, intellectual property and data. Proper safety guards in place at a manufacturing company offers protection against massive losses.

Manufacturing has risen from the eighth to the second most targeted industry by cyber attackers, trailing only finance and insurance. This represents a 300% increase in a single year, according to the 2021 Global Threat Intelligence Report (GTIR).

Colonial Pipeline, the United States’ largest pipeline system for refined oil products, paid a reported US$ 5 million ransom to hackers in 2021 after an attack on its IT network forced it to shut down its entire pipeline, causing major disruptions to gas delivery.

An estimated 62% of Malaysian organisations have experienced an increase in cyber data breaches during a workplace shift, with 25% or more alerts on cyber threats since the pandemic began. The Malaysian Employers Federation was hit by a ransomware attack involving encrypted accounting data in July 2021 and its servers were down for three days. Months later, a hacker targeted Penang-based web hosting company, disrupting its Windows virtual private server and Windows hosting services, demanding US$ 900,000 in cryptocurrency as ransom.

Ransomware does far more than merely infect and corrupt files and devices. When ransomware gains access to a device or database, typically by masquerading as a suspicious file or link, it encrypts critical data and makes it inaccessible to anyone who does not have the correct key. The hacker will demand an exorbitant ransom for the key and failure to pay within the time limit usually results in the data being destroyed or made public.

This can have disastrous consequences, such as a serious breach for manufacturing organisations, where operations will be halted and trade secrets will be exposed, resulting in a significant loss.

Given the rise in cyber threats, manufacturing leaders must evaluate areas to reduce risk.

 

Are you making enough investments in cybersecurity?

While governing bodies such as the EU have begun to invest more in outlining cybersecurity standards, there is concern that there isn’t enough focus on the manufacturing industry and frameworks aren’t always relevant.

 

Is there a clear response strategy in place to mitigate an attack?

Without a proper response strategy, there is a risk that the business will take longer to recover, which will intensify any damage, particularly financial damage.

 

Can organisations afford to turn a blind eye to the threat?

Attacks can range from minor production disruption to severe machinery damage. Given that a large multinational pharmaceutical company allegedly lost $310 million as a result of a breach, a similar attack could be crippling to other organisations.

Accelerating the deployment of security tools with dual defence strategies to ensure reliable backup and recovery will ensure that no cyber threat will disrupt the manufacturing supply chain and risks are mitigated, avoiding heavy data and financial losses. This improved strategy is the best line of defence against hackers who attempt to force a ransom.

OpenGov Asia is pleased to invite you to our exclusive Manufacturing Tech Day aimed at imparting knowledge on how manufacturing organisations can accelerate cybersecurity and recovery strategies to mitigate all cyber threats.

This session serves as a great peer-to-peer learning platform to gain insights and practical solutions that enables manufacturing organisations to maximise their data capability through comprehensive, centralised and efficient data protection, more cost-effective and secure data-driven process.

We will be discussing:

Who Should Attend

Chiefs, Directors and Global Heads of:

Meet Our Distinguished Speakers

Chia Chia Tay
Country Director - Malaysia, Brunei & Emerging Countries
Veeam

Teck Sze Tay
SE Tech Advisor, ASEAN
Veeam

Mohit Sagar
Group Managing Director and Editor-in-Chief
OpenGov Asia

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IN COLLABORATION WITH

BROUGHT TO YOU BY

Networking

Make valuable connections and meet peers and mentors in your industry. Share ideas with others in your field, meet your future business partner, or seek advice from people who’ve done it all before.

Learning

We live in uncertain times for tech and business. We’re welcoming the people who are tackling the big challenges facing industry today. In our current climate, upskilling has never been more important.

Exposure

Get exposed to first-hand knowledge and intelligence from subject matter experts across Asia Pacific to accelerate growth and progress.

“Excellent event with an engaging session as well as an amazing moderator & speaker”

Malaysian Investment Development Authority (MIDA)

“Amazing event with a great sharing session”

Malaysia External Trade Development Corporation (Matrade)

“Very interesting session and hyperactive. Makes you stay awake till the end”

Malaysian Administrative Modernisation and Management Planning Unit (MAMPU)

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Ravi Bedi
Head & Practice Lead, AI-Led NEXT Solutions
NCS Group

Throughout his career, RAVI BEDI has sought to bridge the knowledge gap between man and machine. Known for his reliability, inquisitive mind, high EQ, and penchant for innovation, he brings a sense of urgency and a big-picture perspective to the digital automation imperative and the design of AI-based solutions. He embraces a forward-thinking approach in expanding the frontiers of innovation and driving thought leadership in identifying applications and solutions around AI techniques.

Laser-focused on capturing a competitive position for the organization, Ravi understands the endgame of AI-driven business value. His core competencies include providing the structural framework for Intelligent Automation As A Service and creating a “Digital Twin Workforce” (RPA) at SCALE. Ravi is a PRACTITIONER, since he implements the solutions and services, he designs by advancing unique process execution models, and architecting intelligent solutions and applications that can Sense, Comprehend, Act, and Learn.

Mohit Sagar
Group Managing Director & Editor-In-Chief
OpenGov Asia

Mohit is the Group Managing Director at CIO Network, a content sharing platform that connects governments with an added focus on Education and Healthcare. He spearheads and drives all strategies and operations in Singapore, UK and Australia offices. He created the round table format within the event industry that received the Award for the Best C-level conference in Asia which is now becoming the industry norm. In a career spanning 20 years, he has held a number of senior roles in the conference & media industry in the US, UK, Middle East and Asia.

PARTNER

Veeam® is the leader in Backup solutions that deliver Cloud Data Management™.  Veeam provides a single platform for modernizing backup, accelerating hybrid cloud and securing your data. With 365,000+ customers worldwide, including 81% of the Fortune 500 and 66% of the Global 2,000, Veeam customer-satisfaction scores are the highest in the industry at 3.5x the average. Veeam’s global ecosystem includes 70,000+ partners, including HPE, NetApp, Cisco and Lenovo as exclusive resellers. Currently headquartered in Baar, Switzerland, Veeam has offices in more than 30 countries. 

PARTNER

250+ million endpoints. 500,000+ companies worldwide. One Security Software company. 

For over 30 years, Trend Micro’s unwavering vision has been to make the world safe for exchanging digital information. Security is our entire focus, and it shows. This single-minded passion has inspired our innovations that keep up with the bad guys despite a changing IT landscape, riskier user behavior, and constantly evolving threats. The depth of our experience remains unmatched. From the endpoint to the network to the cloud, we’ve got you covered with a connected threat defence recognised by analysts, customers, and industry gurus of all kinds.