“Seclore was and probably still is the only solution providing holistic protection where we store, use, and communicate data at Eugenus.”
Director of IT, Eugenus
The semiconductor industry is vital to leaders across sectors of the global economy. The chips produced by this industry appear in a wide range of products, from computers and cell phones to automobiles and medical devices. The success of critical industries worldwide depends upon semiconductor companies’ smooth functioning.
The semiconductor industry is one of the most highly regulated industries in the world. Companies operating in this space must comply with various domestic and international regulations. This can be challenging as the rules are constantly changing.
Challenges in the Semiconductor Industry
Semiconductor production is a complex process involving multiple steps with multiple suppliers with sensitive information shared along the way. If data security is not managed at every production stage, it’s only a matter of time before a breach occurs, creating severe consequences, such as heavy financial damage, loss of human life, and even a threat to national security.
Let’s look at a few stats:
- The semiconductor industry has suffered 290 cyberattacks, including data privacy breaches
- Manufacturing organizations, including semiconductor companies, pay $8.86M annually because of insider threats
- 55% of the Integrated Chip (IC) manufacturers have reported counterfeited versions of their products
The best way to overcome this challenge is to have a comprehensive data protection plan that covers every step of production – from sourcing raw materials to finished shipping products. The plan should include detailed protocols for handling sensitive data and should be reviewed and updated regularly.
Data-Centric Protection for Semiconductor Industry
Data-Centric Protection mitigates security risks and allows you to collaborate with external parties, adopt innovative technologies, and achieve business objectives – without worrying about security.
A comprehensive Data-Centric Security strategy includes four essential components: Discover, Identify, Protect and Analyze. The tools to perform these functions include Data Loss Prevention (DLP), Data Classification, Rights Management (RM), and Security Information and Event Management (SIEM) systems.
Watch this video where Lucky Effendi, Director of Information Technology, Eugenus, shares the data security journey of his organization and how Seclore helped them counter their data security challenges.