Manufacturing & Engineering

Manufacturing is an industry which suffers high volumes of both fraud and cyber-attacks. According to the Kroll Report1 this industry suffered the highest rates of fraud in both 2015 and 2016.

1 Kroll Global Fraud and Risk Report 2016

In the latest report, 89% of respondents in the manufacturing industry experienced at least one incident of fraud in the previous 12 months, and 91% of respondents reported at least one cyber incident during the same period2.

One of the main factors determining the industry’s fate is the growth of manufacturing in emerging markets (often geographically removed from a company’s main operation) which affords localised operations the opportunity to avoid the detection of global management oversight.

The most common types of fraud/cyber-attack affecting this particular industry are related to data loss (the most common targets being customer records, IP, trade secrets, R&D and employee records) or theft of IP by way of data breach, or through piracy or counterfeiting. Unusually, the most likely perpetrator of a cyber incident in the manufacturing industry is an agent or intermediary.

We have experience in advising clients in this sector on identifying and reducing their risks to fraud through assisting on investigations and in litigation.

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Case Studies

Cybercrime and Authorised Push Payments

The one where the supplier account details changed with a sophisticated copy email

Client Type - company

View case study

Advice was provided to a Middle Eastern company in relation to obtaining information concerning third parties that had caused them to transfer funds to a party they thought to be their supplier.  The client had been subject to authorised push payment fraud which led to transfer of money to unidentified third parties.   Advice was […]

Key to our work is developing a knowledge of our client’s working practices

And how, as with many organisations, they may differ from prescribed policies and procedures. That is a reality for many organisations so management of supply chain risk and the threat of bribery requires a key understanding of the higher risk areas for any client.

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