Oct 22, 2020

Five security trends manufacturers need to be aware of

Lookout
Manufacturing
Supply Chain
Digital Transformation
Sean Galea-Pace
3 min
Five security trends manufacturers need to be aware of
The manufacturing industry is one of the primary targets for mobile attack...

In fact, 41% of manufacturing companies admitted to suffering a mobile-related compromise with 67% of those saying the impact was major -Verizon Mobile Security Index 2020. 

The reason for that has to do with the way the Manufacturing industry operates. The industry relies on mobile devices and cloud solutions to effectively transition products from the design studio to the shop floor. Providing plenty of opportunities for ill-intentioned hackers to access valuable data.

To better understand the modern threat landscape and the most recent trends facing Manufacturers, download the full whitepaper: How manufacturers can mitigate mobile phishing risks

Five security threat trends manufacturers need to be aware of: 

1. Mobile phishing and malware on the rise Mobile phishing is the primary way malicious actors trick people into downloading malware. Tactics have evolved beyond email phishing to target users via SMS and messaging applications such as WhatsApp or Messenger, even dating apps. An analysis of nearly 200 million devices carried out by Lookout suggests that Manufacturers in Europe are 46% more likely to encounter a phishing attack than their peers in the rest of the world. Learn more.

2. The shift to remote work creates new risks

23% of organizations said cybersecurity incidents have increased since transitioning to remote work, according to the cybersecurity firm (ISC)². More personal devices than ever before are connecting to company networks. And because all of us are using mobile devices for both personal and professional purposes – any attack on a personal device is a threat to the organization’s data. Learn more.

3. Digital safety concerns in a cloud-driven world Manufacturers have embraced software-as-a-service (SaaS) for productivity and collaboration. The benefits are many however, it has opened sensitive data up to greater cyber risk. Credential abuse is the top attack-vector for SaaS and cloud apps. In fact, a survey by Osterman Research highlights that 40% of organizations say their Microsoft Office 365 account credentials have been compromised. Learn more.

4. Third-party risk

The more, the risker. An expansive supply chain puts manufacturers at greater third-party risk. According to a recent report from Deloitte, 28% of manufacturers admitted to having a security breach involving 3rd party data. Learn more.

5. Protecting Intellectual Property

The manufacturing industry remains one of the primary targets for mobile attack due to highly valuable intellectual property (IP). 87% of manufacturers are concerned about competitors or cybercriminals stealing their trade secrets or intellectual property according to the Verizon Mobile Security Index, 2020. Learn more.

Every smartphone and tablet should be treated as a potential source of threat. Whether it is in the hands of an engineer, a business development executive, or the HVAC service person. Adopting a security solution that adheres to a Zero Trust model, whereby the health of all mobile devices are monitored in real-time, will ensure your organization’s data is secure. Lean how you can mitigate the risk of a data breach from a mobile device at lookout.com

Lookout is offering a 90 day free trial of the leading mobile security application. Get it here.

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May 12, 2021

Ultium Cells LLC/Li-Cycle: Sustainable Battery Manufacturing

SustainableManufacturing
BatteryCell
EVs
Automotive
2 min
Ultium Cells LLC and Li-Cycle join forces to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing

Ultium Cells LLC - a joint venture between General Motors and LG Energy Solutions - has announced its latest collaboration with Li-Cycle. Joining forces the two have set ambitions to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing

 

What is Ultium Cells LLC?

Announcing their partnership in December 2019, General Motors (GM) and LG Energy Solutions established Ultium Cells LLC with a mission to “ensure excellence of Battery Cell Manufacturing through implementation of best practices from each company to contribute [to the] expansion of a Zero Emission propulsion on a global scale.”

Who is Li-Cycle?

Founded in 2016, Li-Cycle leverages innovative solutions to address emerging and urgent challenges around the world.

As the use of Lithium-ion rechargeable batteries in automotive, industrial energy storage, and consumer electronic applications rises, Li-Cycle believes that “the world needs improved technology and supply chain innovations to better recycle these batteries, while also meeting the rapidly growing demand for critical and scarce battery-grade materials.”

Why are Ultium Cells LLC and Li-Cycle join forces?

By joining forces to expand the recycling of scrap materials in battery cell manufacturing in North America, the new recycling process will allow Ultium Cells LLC to recycle cobalt, nickel, lithium, graphite, copper, manganese and aluminum.

“95% of these materials can be used in the production of new batteries or for adjacent industries,” says GM, who explains that the new hydrometallurgical process emits 30% less greenhouse gases (GHGs) than traditional processes, minimising the environmental impact. Use of this process will begin later in the year (2021).

"Our combined efforts with Ultium Cells will be instrumental in redirecting battery manufacturing scrap from landfills and returning a substantial amount of valuable battery-grade materials back into the battery supply chain. This partnership is a critical step forward in advancing our proven lithium-ion resource recovery technology as a more sustainable alternative to mining, " said Ajay Kochhar, President, CEO and co-founder of Li-Cycle.

"GM's zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Now, we're going to work closely with Ultium Cells and Li-Cycle to help the industry get even better use out of the materials,” added Ken Morris, Vice President of Electric and Autonomous Vehicles, GM.

Since 2013, GM has recycled or reused 100% of the battery packs it has received from customers, with most current GM EVs repaired with refurbished packs.

"We strive to make more with less waste and energy expended. This is a crucial step in improving the sustainability of our components and manufacturing processes,” concluded Thomas Gallagher, Chief Operating Officer, Ultium Cells LLC.

Image source: 1, 2, 3, 4, & 5

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