In 2024, the global average cost of a data breach hit $4.88 million, emphasizing the urgent need for cybersecurity in the dairy industry. With ransomware attacks escalating, dairy processors must adopt robust defenses and collaborate to safeguard against evolving threats.
Cybersecurity is a crucial component of maintaining a secure and efficient dairy plant. As hackers become more advanced and technology and artificial intelligence evolve, processors must employ best practices to ensure the security of their operations, data, products, and profits.
The prospect of cybercrime remains a never-ending, and increasingly dangerous, threat to dairy processors. Attackers are focusing more on critical infrastructures, leading to threats of food tampering and hacks into processing, transportation and storage systems that can result in food spoilage and, consequently, food poisoning and shortages.
The consequences can be catastrophic, ranging from lost revenue due to downtime and disruptions to damage to a company's brand and reputation and a long list of expensive recovery costs.
Ransomware attacks have recently impacted some large companies, including Colonial Pipeline and JBS. That reality has put many North American companies, including dairy processors, on edge.
Aldo (Al) Leiva, an attorney with the law firm Baker Donelson, joins us for Episode 5 of the Let’s Talk Dairy podcast.