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EPA Changes, New Malware Targets & Business Interruption - January 2018

EPA CONSIDERS CHANGE TO SMALL MANUFACTURER DEFINITION

The Environmental Protection Agency (EPA) recently announced that it will consider a revision to its definition of a small manufacturer. Under the current definition, a manufacturer is small if it has under $4 million in annual sales or if it has under $40 million in annual sales and produces no more than 100,000 pounds of any one substance.

Any change to the EPA’s definition may impact compliance requirements, as small manufacturers are exempt from certain reporting and recordkeeping requirements in the Toxic Substances Control Act (TSCA). Because the current definition is not regularly updated to account for inflation, few manufacturers qualify for TSCA exemptions. As a result, many experts believe that the EPA will adopt a new standard instead of simply updating the definition to account for changes to the producer price index.

For more information on the EPA’s small manufacturer definition, visit the agency’s website.

NEW MALWARE TARGETS INDUSTRIAL SAFETY SYSTEMS

Cyber security firm FireEye has announced the discovery of Triton, a new type of malware that disrupts industrial establishments by targeting safety and control systems. According to FireEye, Triton infects a computer that is expected to later be connected to a control device. The malware can then prevent safety mechanisms from operating as intended and lead to disruptions and physical accidents.

Although FireEye believes that Triton can currently only be used in highly targeted attacks, the firm recommends that manufacturers review operational security and ensure that safety systems are deployed on isolated computer networks. For more information on cyber security, contact us at (619) 297-3160.

BENEFITS OF BUSINESS INTERRUPTION INSURANCE

Successful manufacturers need to ensure that their day-to-day operations proceed smoothly, as even a brief interruption can be incredibly costly and lead to substantial production delays. Thankfully, business interruption insurance can reimburse you for the following during an interruption:

  • Revenue that would have been earned during normal operations
  • Rent or lease payments
  • Relocation expenses
  • Employee wages
  • Loan payments

For more information on these policies, contact us today and ask to see our new flyer, “Benefits of Business Interruption Insurance.”