Cyber attacks on supply chains up significantly in 2017

By James Henderson
2017 saw a worrying increase in ransomware and other cyberattacks targeting the supply chain, with the business and professional services sector receivi...

2017 saw a worrying increase in ransomware and other cyberattacks targeting the supply chain, with the business and professional services sector receiving a significant increase of attacksparticularly in the EMEA region, which saw 20% of all attacks targeting this sector.

This is according to Dimension Data that today published its Executive Guide to the NTT Security 2018 Global Threat Intelligence Report.

 The businesses and professional services sector received 10% of global ransomware attacks, the third most targeted industry (up from sixth position in 2016), behind finance and technology. It also ranked third in the Americas (9%) and was the most vulnerable sector in EMEA, receiving 20% of all attacks.

 As ransomware-related outsourced incident response engagements against financial institutions declined (a drop from 22% in 2016 to 5% last year), the business and professional services supply chain has clearly become a prime target for trade secrets and intellectual property theft, potentially exposing customer and business partner data.

Despite the drop in outsourced incident response engagements, the finance sector remains the number one target for cyber criminals who carry out regular reconnaissance to spot potential infrastructure and application vulnerabilities.

SEE ALSO:

Mark Thomas, Dimension Data’s Group CTO for Cybersecurity said, “There are numerous moving parts to supply chains and outsourcing companies, which often run on disparate and out-dated network infrastructures, making them easy prey to cyber threat actors.

“Service providers and outsourcers are also a prime target, due to their trade secrets and intellectual property. Businesses need to wise-up to the very real threats against them and ensure all aspects of their operations are robustly and securely protected.”

Technology was the second most cyber-attacked industry in 2017, with a 19% attack volume, with business and professional services moving to third place. Interestingly, attacks on the government sector last year dropped to 5% from 9% in 2016.

In 2017, there was a massive 350% rise in ransomware, representing 7% of all global malware attacks (up from 1% in 2016), and is set to continue due to the popularity of cyber adversary campaigns.

 

 

Share

Featured Articles

Optimising packaging to overcome supply chain disruptions

Managing inventory operations with the help of technology and AI is key to building an efficient, sustainable, digitised and resilient supply chain

Supply chain partner Achilles appoints new CEO Paul Stanley

Global leader of supply chain risk and performance management, Achilles, has named Paul Stanley as new CEO to manage company operations and vision

Q&A with Ivalua’s Global Head of Manufacturing Sundar Kamak

We chat to Ivalua’s Sundar Kamak about how manufacturers can tackle ongoing supply chain disruptions through risk management and digital transformation

e2open drives supply chain efficiency and agility

Digital Supply Chain

Advancing the digital supply chain with strategic sourcing

Digital Supply Chain

Microchip technology, from creation to supply chain shortage

Digital Supply Chain