Rapid digitization of the agricultural sector increasing cybersecurity threats: report

NEW DELHI: While the use of robotics, artificial intelligence (AI) and the Internet of Things (IoT) in the agriculture sector is helping to combat labor shortages and climate change, it also increases the risk of cyberattacks, according to Friday’s report.

A report by GlobalData, a data and analytics company, found that food suppliers and distributors are facing more ransomware attacks, causing delays in product deliveries.

The report projects that the cybersecurity industry will be worth $290 billion by 2027, representing a compound annual growth rate (CAGR) of 13% from 2022 to 2027.

“The industry is increasingly adopting technology solutions to support a shrinking workforce and increase productivity. However, these technologies come with security risks that are often overlooked,” said Holly Anness-Bradshaw, associate analyst for thematic intelligence at GlobalData.

While cybersecurity is becoming a growing concern in the agriculture sector, the future development of the sector and its workforce will be aided by technology. While remotely accessible robots will be key to helping existing workers, they will pave the way for new data breaches and cyberattacks.

The agricultural supply chain is vast and extensive, from processing and harvesting to distribution, and cybersecurity will be critical at all stages.

Anness-Bradshaw advised companies to “invest in cybersecurity measures at all stages of the agricultural supply chain” because cyberattacks “could lead to food shortages, price increases and spoilage.”

“Trade and distribution involve vast networks of supply chains where huge amounts of data are at risk. Agricultural companies should see cybersecurity as a key vulnerability to protect against,” said Anness-Bradshaw.