In the ever-evolving landscape of cybersecurity, small and mid-sized manufacturers (SMMs) in Illinois have a golden opportunity to fortify their digital defenses through the Illinois Manufacturing Cyber-Safe Incentive Program.
As the state focuses on meeting the NIST 800-171 or CMMC standards, manufacturers can now leverage our cutting-edge Identity and Access Management (IAM) software to not only meet these standards but also unlock substantial funding to cover implementation and monitoring costs.
Why is this important?
- Small and mid-sized manufacturers constitute a remarkable 99% of Illinois manufacturers, comprising over 12,000 companies that play pivotal roles in communities statewide.
- In 2021, the manufacturing sector bore the brunt of over 23% of total cyberattacks, with a significant 43% of these cyber threats specifically targeting small businesses. (https://www.ibm.com/reports/threat-intelligence/)
- Despite the prevalent cyber risks, small and mid-sized manufacturers are falling behind in establishing robust and mature cybersecurity defenses. This lag is attributed to a combination of financial constraints and a knowledge gap, with only an estimated 14% of these businesses adequately prepared to defend themselves. (https://www.accenture.com/us-en/insights/cyber-security-index)
Understanding the Program's Objectives
The Illinois Manufacturing Cyber-Safe Incentive Program is a crucial step in enhancing the cyber resilience of SMMs. By aligning with NIST 800-171 or CMMC standards, manufacturers can safeguard their intellectual property, ensure business continuity, and contribute to the overall resilience of the supply chain.
This program goes beyond individual businesses; it plays a vital role in promoting national security by protecting against cyber threats. Manufacturers are not only securing their operations but actively participating in a collective effort to strengthen the cybersecurity fabric of the entire nation.
Eligibility Requirements
- The company must be primarily engaged in the manufacturing and related R&D/Engineering identified by NAICS codes as validated by Dunn & Bradstreet
- Funded projects must be for manufacturing establishments in Illinois
- The company must employ 5 to 250 employees
- Grant recipients are required to demonstrate proof of a documented assessment of any gaps related to the NIST and/or CMMC standards
- Grant recipients must provide documentation of expenditures solely related to addressing the results of the gap assessment
- The award amount will not exceed 50% of the total project cost. For instance, a company that is granted the maximum award of $25,000 must present evidence of at least $50,000 in expenditures specifically tied to cybersecurity implementation.
Unlocking Funding Opportunities
By incorporating an Identity and Access Management (IAM) solution into your cybersecurity strategy, you not only meet the program's standards but also maximize your chances of securing funding. The program aims to award approximately 50 grants, with funding covering up to 50% of your documented expenses between October 1, 2023, and March 31, 2024.
Leverage the program's funding to strategically allocate resources for implementing and monitoring cybersecurity measures. Our IAM software ensures that your investment aligns seamlessly with the program's objectives, providing a comprehensive and effective solution.
A cyber assessment must be completed to qualify, and applications must be submitted prior to March 31, 2024. Expenses incurred between July 2023 and March 31, 2024 are eligible under this program.
How Our IAM Software Fits In
Our Identity and Access Management software, IDHub, has been meticulously designed to meet the stringent requirements of NIST 800-171 and CMMC standards. By implementing our solution, manufacturers can ensure compliance and elevate their cybersecurity posture with confidence.
Eligible manufacturers can receive up to $25,000 in funding through the incentive program. Our IAM software qualifies as a documented expense, covering contractual services, software/hardware costs, and other approved expenditures. This means you can strengthen your cybersecurity with minimal financial strain on your business.
We can provide you a detailed quote for IDHub license costs and implementation, which will be used to apply for this grant.
Secure Your Future Today
The Illinois Manufacturing Cyber-Safe Incentive Program, coupled with our advanced Identity and Access Management software, presents an unparalleled opportunity for small and mid-sized manufacturers to fortify their digital defenses.
By meeting the program's standards, you not only contribute to national security but also position your business to receive significant funding. Secure your future today with our IAM software, ensuring not just compliance but robust protection against cyber threats, all while unlocking the financial support your business deserves.
Schedule a call today and learn how! Hurry up as time is running out, applications must be submitted before March 31 2024!