We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Supply chain cybersecurity threats may rise in 2018, warns Booz Allen
Forward Thinking

Supply chain cybersecurity threats may rise in 2018, warns Booz Allen

January 12, 2018
Supply Chain Quarterly Staff
No Comments

One of the biggest cybersecurity stories of 2017 was the NotPetya attack, which memorably hit shipping giant A.P. Moller - Maersk, causing it to shut down operations at 76 port terminals in four countries around the world. The attack caused delays and disruptions that lasted weeks and ultimately cost the company more than US$2 million.

According to the consulting firm Booz Allen Hamilton, this type of cyberattack should not be viewed as a one-time fluke. In its "Foresights 2018" special report, Booz Allen predicts that companies will see more of these types of cyberthreats in the coming year.

What made NotPetya different from other cybersecurity attacks is that it originated not with Maersk but as an attack on the Ukrainian tax software M.E.Doc, which then spread through compromised networks. Booz Allen describes these types of cybersecurity risks as "indirect supply attacks," where cybercriminals infiltrate a small software provider or other supplier that operates within the supply chain of a much larger company. The ultimate target is not the original compromised company but larger Fortune 500 companies.

Another cybersecurity trend that supply chain managers should be aware of is extortion attacks on industrial control systems (ICS). In these cases, hackers gain access to a manufacturer's ICS and demand that the company pay a ransom to prevent or mitigate any disruptions to operations. Automakers Nissan and Renault and pharmaceutical company Merck all experienced such attacks in 2017. In addition, there have been incidents of Eastern European criminals who have used such techniques against chemical manufacturing facilities, according to the report.

However, the report suggests that these types of threats will not be widespread. To successfully carry out such attacks, criminals will need to know not only how to gain access to a control system but also how to target the process being controlled. "Attacks of this nature will likely be beyond the reach of most cybercriminals and be limited to a small, niche group of technically savvy actors," says the report.

Technology
  • Related Articles

    Report: Supply chain tech investments on the rise

    Report: Cybersecurity lags in logistics industry

    Report: logistics sector will rise to second place in use of collaborative robots by 2023

Recent Articles by Supply Chain Quarterly Staff

APM Terminals to add capacity at Port of Mobile

Cargo volume down in Oakland

Safety experts to headline National Forklift Safety Day 2022 program on June 14

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Logistics pros warn of business impact from Russia-Ukraine war

  • Container prices continue to drop

  • How to resolve your inventory dilemma

  • Warehouse vacancy rates sink to 27-year low

  • Empty shipping containers stack up at U.S. port depots

Featured Video

Cccb7d13 710a 4473 8132 da8b6cc286f1

The Sportsman's Guide Case study: Increasing Accuracy & Productivity

Viewer Contributed
Thanks to the Lucas Warehouse Optimization Suite, The Sportsman's Guide has increased productivity, reduced training time, and experienced a boost in accuracy for both full-time staff and seasonal employees. Want to learn how Lucas can help your DC be more efficient, accurate, and safe while reducing labor costs?...

FEATURED WHITE PAPERS

  • Omnitracs One – Last Mile Solutions

  • The enterprise shipper's guide to building a smarter truckload RFP

  • Fixed vs. Flexible Automation: Which Option is Better for 3PLs?

  • Enhancing Relationships in Logistics through Data & Collaboration

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing