Manufacturing companies are increasingly targeted by sophisticated cyberattacks, including business email compromise (BEC), which rose dramatically in 2024 and now accounts for 58% of phishing attempts. Despite the rise of AI-driven fraud, the sector remains vulnerable due to underinvestment in cybersecurity, with experts urging manufacturers to adopt AI-powered detection tools, employee training, and rigorous verification processes.
This article will provide practical advice for establishing CFO and CISO collaboration and describe how cultivating a holistic approach to risk management benefits the entire business. To do this, they must leverage new tools and technologies to deliver continuous intelligence sharing and open communication that enables organizations to stay ahead of criminals.