Cybersecurity is the body of technologies, processes, and practices designed to protect networks, computers, programmes, and electronic data from attack, damage, or unauthorised access. Over recent years, cybersecurity companies have played an increasingly pivotal role in the protection of packaging industry operations and organisations.
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The manufacturing and packaging sector is rapidly digitalising. According to a March 2021 survey by the Packaging Machinery Manufacturers Institute (PMMI), 79% of companies are implementing smart technologies on their processing lines, 64% on their assembly lines, and 60% at end-of-line packaging. Digitalised supply chains mean more data is virtually stored and can be accessed by cybercriminals if cybersecurity measures are not put into place.
The PMMI survey found that 87% of manufacturers have a disaster plan in the event of a cyber breach but only 37% of them have tested the plan, placing them at risk. Thus, ensuring manufacturing companies have ample cybersecurity measures in place is fundamental.
Leading packaging companies in cybersecurity
Packaging companies should invest in cybersecurity across packaging conversion and fillings and packaging, as these are the main areas they can control. The further upstream and downstream the value chain, the more difficult it becomes to gain direct control. However, packaging companies across the value chain should synchronise cybersecurity measures, ensuring optimal threat detection and security measures are in place.
Leading adopters of cybersecurity in packaging include Amcor, Ball Corp, Crown Holdings, DS Smith, Elopak, International Paper, Mondi, and Verallia.
Discover the leading cybersecurity companies in the packaging industry
Using its experience in the sector, Packaging Gateway has listed some of the leading companies providing products and services related to cybersecurity.
The information provided in the download document is drafted for packaging executives and technology leaders involved in cybersecurity solutions.
The download contains detailed information on suppliers and their product offerings, alongside contact details to aid purchase or hiring decisions.
Leading suppliers of packaging cybersecurity solutions include ABB, Atos, Darktrace, Neuways, Sonic Wall, Zenzero, Air IT, Infopulse, Mission Secure, PCG and ResiliAnt.
Future of cybersecurity in the packaging industry
The global cybersecurity industry will grow from $125.5bn in 2020 to $198bn in 2025 at a compound annual growth rate (CAGR) of 9.5%, according to GlobalData forecasts.
Manufacturing cybersecurity revenues will increase from $11.3bn in 2020 to $19bn in 2025, a CAGR of 10.8% over the period. Spending on cybersecurity software will grow fastest from $4.8bn to $9.6bn, a CAGR of 14.5%. It will be followed by hardware sales, which will increase from $2.5bn to $4.2bn, at a CAGR of 10.7%. The slowest growth will come from services, where revenues will increase from $3.9bn to $5.2bn at a CAGR of 5.5%.
For full details (including contact details) on the leading companies within this space, download the free Buyer’s Guide below:
Frequently asked questions
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Why is cybersecurity crucial for the packaging industry?
The packaging industry is increasingly digitalising, making it more vulnerable to cyber-attacks. As packaging companies store and process large volumes of data related to supply chains, product development, and customer information, cybersecurity is essential to protect against data breaches, operational disruptions, and intellectual property theft. Cyber-attacks could lead to significant financial losses and damage a company’s reputation.
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How can packaging companies safeguard their operations from cyber threats?
Packaging companies can safeguard their operations by implementing a multi-layered cybersecurity strategy. This includes investing in firewalls, intrusion detection systems, and encryption technologies to protect sensitive data. Additionally, companies should conduct regular security audits, establish disaster recovery plans, and train employees on recognising phishing attempts and other forms of cyber-attacks. Collaboration with cybersecurity providers specialised in industrial systems also enhances protection against sophisticated threats.
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What role do cybersecurity solutions play in securing digital packaging operations?
Cybersecurity solutions help secure digital packaging operations by monitoring networks, identifying vulnerabilities, and responding to potential threats in real-time. These solutions can automate threat detection and mitigate the risks posed by cyber-attacks on packaging machinery, data systems, and supply chains. By safeguarding both the IT and operational technology (OT) systems, cybersecurity solutions ensure the smooth running of digital operations without interruptions from malicious actors.
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How can a cybersecurity breach affect the packaging supply chain?
A cybersecurity breach can severely disrupt the packaging supply chain by halting production lines, compromising confidential client data, and causing delays in delivery schedules. It can also lead to increased costs due to system downtime and the need for recovery efforts. Breaches may also cause long-term damage to relationships with suppliers and customers due to the loss of trust and compromised product quality.
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What are some leading cybersecurity companies providing solutions for the packaging industry?
Several companies specialise in cybersecurity solutions for the packaging industry, including Darktrace, Neuways, and SonicWall. These providers offer advanced threat detection, monitoring, and response solutions tailored to the specific needs of packaging companies. By integrating cybersecurity measures into packaging operations, these companies help protect sensitive data, maintain operational integrity, and reduce the risk of costly cyber-attacks.