Your organization may have state-of-the-art cybersecurity Services to secure your supply network. But what about your third-party vendor? Supply chain attacks are changing the landscape of how businesses are adapting to cybersecurity. Businesses must know about their suppliers and hold some standards.
Here are the strategies your organization needs to implement to secure your supply chain and reduce the risk.
Why are cybercriminals attacking the supply chain?
According to a statista, throughout the year 2021, there was a staggering rise of 650% in supply chain attacks. These attacks were aimed at exploiting the weakness of IT infrastructure.
Major global brands have recently suffered from cyberattacks, and these companies have implemented rigorous security compliances. With the increased security, cybercriminals find it hard to attempt a cyberattack. Unfortunately, the supply chain is the weak spot in the security chain and, therefore, the center of multiple attacks.
Here are the reasons why the supply chain is becoming cybercriminals’ favorite target
1. Inadequate cyber hygiene
Due to the COVID-19 pandemic, many businesses shifted towards online platforms, but these online websites lack cyber hygiene. The poor cyber hygiene includes weak passwords and no two-factor authentication, weak security protocols, and no backup of data. Many people don’t change their passwords for many years across multiple platforms, which allows cybercriminals to access sensitive data.
2. No encryption
Organizations aim to secure their data from one network to another. The mutual trust between institutions, suppliers, and end-users is maintained through encryption. But poor encryption software or the use of open-source software can lead to network threats that cybercriminals can attack.
3. Increase in malware attacks
The increase in malware attacks is directly proportional to the increase in supply chain attacks. Malware is malicious code or software that is installed in the authorized apps to launch them securely.
This malicious software can be ransomware or spyware. Such attacks are known as malware supply chain attacks and are usually hard to detect.
4. Vulnerabilities
Using weak software can lead to vulnerabilities that can attract cybercriminals. Companies that outsource their work to cheaper organizations for cost-cutting have faced more vulnerabilities.
Read More: Understanding the Surge in Supply Chain Attacks | Sattrix
Cyber attacks in the healthcare industry have increased at an alarming rate because of the global pandemic.
As the health sector worldwide is struggling to fight the ongoing COVID-19 pandemic, cybercriminals are leaving no stone unturned to target the hospitals and in this phase, trustworthy cybersecurity services can protect them.According to researchers, cybercrime in the healthcare sector has increased by 45% globally.
Because the cyberattacks doubled during the pandemic, and all the primary data like personal data, medical data, and security credentials are not secured.
The surging growth in cybercrime targeting the industry has put the personal data of the patients in danger.
Cyberattacks in the healthcare industry are of particular concern because they are not just attacks; in fact, they directly threaten the safety of the patients.Why are cybercriminals targeting the healthcare industry?Cybercriminals are selling the billing and medical information of the patients on the dark web for insurance fraud purposes.All the internet-connected medical devices could tamper.Ransomware can be used to lock the patient care and back-office systems to get massive amounts.Cybercriminals can use phishing emails to spread the virus in IT systems.
The alarming rise of cyber-crimes in the healthcare sector Health organizations are prime targets for cybercriminals.
"Many businesses are re-opening their offices, here are some cybersecurity tips for organizations to consider as they navigate the transition of returning to the office.
Increased awareness is driving sales of various public safety solutions, such as computer-aided dispatch solutions, jail management systems, and record management solutions, to name a few, with strong growth forecast for North America, Europe, APEJ, and Japan in the coming years.The most recent edition of MarketNgage's 'public safety software' market study provides an up-to-date analysis of this industry, with a focus on its driving and restraining factors, as well as the impact of the COVID-19 pandemic on demand-supply trajectories for the forecast period of 2021 to 2031.
The report also offers insights into new market trends and strategies being implemented by both leading players and new entrants in this space.With the rapid digitization of the past few years, the demand for public safety solutions has increased significantly.
The rise in cyber security threats, terrorist attacks, and natural disasters has boosted sales of public safety solutions such as mobile police software, court management solutions, and scheduling solutions.
Furthermore, increased mergers and agreements between vendors and technology partners in the public safety software industry have increased sales over the last five years from 2016 to 2020.In the notorious dark web, cybercrime as a service is emerging as a business model.
A cyberattack exposed 40 million customers' personal information, including social security numbers and driver licence numbers.As a result, the incident is expected to reduce customer traffic.
Despite the best efforts of cyber security experts, frequent attacks have highlighted the need for technological advancements to ensure data integrity.
Mobile network security vulnerabilities are not new, and they will not go away with 5G.
Overall, 5G is more secure than 4G, but they will usher in a wave of new IoT applications, but will it be safe.cy5G networks will usher in a wave of new IoT (Internet of Things) applications.
As with the implementation of any new technology, it is vital to ensure that a secure foundation is in place.
This is especially important when we consider that 5G will accelerate the deployment of smart devices and the applications they support.https://www.pamten.com/blog/iot-risk-management/
Cybersecurity experts are raising alarms about “smishing,” a unique form of phishing that attempts to deliver malicious links or infected applications to cell phones via text or SMS messages.
