Supply chain cyber attacks up 200% in 2017
The report by Symantec stated t...
Cyber criminals ramped up attacks on supply chains last year, with incidents rising by 200%, according to a new report.
The report by Symantec stated that: “Despite the EternalBlue exploit wreaking havoc in 2017, the reality is that vulnerabilities are becoming increasingly difficult for attackers to identify and exploit.”
However, in response to this, Symantec said it has seen evidence of an increase in attackers injecting malware implants into the supply chain to infiltrate unsuspecting organisations, with a 200% increase in these attacks—one every month of 2017 as compared to four attacks annually in years prior.
The report went on: “Hijacking software updates provides attackers with an entry point for compromising well-protected targets, or to target a specific region or sector. The Petya/NotPetya (Ransom.Petya) outbreak was the most notable example.
“After exploiting Ukrainian accounting software as the point of entry, Petya/ NotPetya used a variety of methods, spreading across corporate networks to deploy the attackers’ malicious payload.”
Kevin Haley, Director of Symantec Security Response commented: “All of a sudden this is a huge issue.
“This is something organisations really need to be concerned about. It's not just some one-offs.”
New speakers announced for Procurement & Supply Chain Live
Two leading executives in supply chain transformation have been confirmed for this year's Procurement & Supply Chain Live event.
Procurement & Supply Chain Live is the perfect opportunity to hear from prominent executives at the world’s leading procurement and supply chain businesses. The event will be streamed live from Tobacco Dock, London via the leading networking platform Brella.
The three-day show, running 28-30 September 2021, is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats.
We take a look at the latest additions to the already amazing lineup of speakers announced so far, and what they will bring to the flagship event.
VP Global Supply Chain at Macmillan Education Ltd
Shaun Plunkett has over 30 years of supply chain leadership experience in FMCG, entertainment and media sectors, supporting multi-billion euro businesses including Universal Music, EMI, Sony Music, Harper Collins and Associated British Foods. He has a track record of successfully delivering transformational change coupled with award winning operating models and developing and coaching global teams. Plunkett says that challenging the status quo is at the heart of what drives him on a daily basis - and encouraging others to continuously push the boundaries.
Read more about Plunkett’s involvement in Macmillan Education’s supply chain transformation HERE
Digital Transformation Lead, Oracle UK and Board Member, CILT at Macmillan Education Ltd
Vikram Singla is digital transformation director at Oracle, UK. He helps supply chain and finance business leaders leverage technology to deliver meaningful business outcomes for their organisations. He also serves on the board if CILT (Chartered Institute of Logistics and Transport) – UK and is an Honorary Visiting Fellow at Anglian Ruskin University. Singla has more than 25 years’ experience in the technology sector, and in global supply chain transformation, including deploying business transformation programmes for Fortune 500 firms. In his spare time, Singla is a passionate brand ambassador for Cancer Research.
Plunkett and Singla join a growing line-up of speakers, including: Sheri R. Hinish, IBM; Robert Copeland, G4S; Daniel Weise, BCG; Mark Bromley, Mastercard; David Loseby, Rolls Royce; and Ninian Wilson, Vodafone Procurement Company.