Supply Chain, the Most Vulnerable In Business Sector, Says Dimension Data

Thursday, 24 May 2018, 05:53 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

Supply chain has become a prime target for trade secrets and intellectual property theft, potentially exposing customer and business partner data,  potentially exposing customer and business partner data, a strong layered defence could prevent the ransomware. According to Dimension Data, year 2017 witnessed an increase in ransomware and other cyber attacks targeting the supply chain sector, impacting the business and professional services sector. The sector received a significant increase in attacks especially in the EMEA region, which saw 20 percent of all attacks targeting it.

The business and professional services sector became third receiving 10 percent of global ransomware attacks, behind finance and technology. By building a security planning by determining which data and systems must remain operable and accessible, the company can avoid disruption. The key is establishing a back-up process so that data and systems can resume normal operations shortly after a successful attack occurs.

Murtaza Bhatia, National Business Head, Cybersecurity, Dimension Data India, says, “In India too, 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”.

Cyber-attacked industries like Technology and Business & Professional services were the second most and third most attacked industry in 2017 respectively. Surprisingly, the attacks on government sector dropped from nine percent to five percent. The other highlights from NTT Security 2018 Global Threat Intelligence speaks that education was the most attacked sector in Australia (26 percent), while attacks against the finance sector decreased from 46 percent in 2016 to 26 percent in 2017, and many more. However, a massive 350 percent rise in ransomware has been noted, representing seven percent of all global malware attacks, and is set to continue due to the popularity of cyber adversary campaigns.

Read more news:

With $2 Million Series A, OPTIMOZ Gears-up to Transform the Way Software Is Developed & Delivered

Source: IANS
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..
Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..