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.
  • 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
    • CSCMP EDGE 2022 Startup Alley
    • 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
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Supply chain cyberattacks to ramp up in 2023

Supply chain cyberattacks to ramp up in 2023

Tech executive puts supply chain risk at the top of a list of cybersecurity trends to watch in the year ahead.

security-g2ac5d23af_640.jpg
November 29, 2022
Supply Chain Quarterly Staff
No Comments
From malware to ransomware and everything in between, hackers are everywhere these days, putting businesses, consumers, and governments at ever-increasing risk of cyberattack. Supply chains top the list of prime targets heading into 2023, according to a list of seven cybersecurity trends to watch from encryption technology company NordLocker, released this week.

“Cybersecurity never stops evolving because digital technologies are increasingly overtaking each part of our lives, in turn increasing the scope cybersecurity tools should cover,” NordLocker’s Chief Technology Officer Tomas Smalakys said in a press release. “This ever-changing nature of the cybersecurity field makes each week, month, and year different from those that have passed, making it extremely important to stay two steps ahead of emerging threats.”

Smalakys listed the targeting of supply chains as the second-biggest cyberthreat heading into 2023, just behind the rise of “fileless malware.”

“The Covid-induced global chip shortage revealed that the most fragile part of the global economy is its interconnectedness. By targeting companies that play critical roles in the activities of other businesses, such as raw materials suppliers or logistics firms, cybercriminals have the ability to grind an entire supply chain to a halt and apply mounting pressure to make victims meet their demands,” he said. “We already see this trend in 2022, and these types of attacks are only ramping up.”

Other top trends on Smalakys’ list include:
  • Fileless malware will pose serious concerns. Because fileless malware does not require its victim to download any files, it is practically undetectable by most information security tools. This type of malicious software works by exploiting vulnerabilities in already downloaded, well-known, and trusted applications, leaving no trace on the computer’s memory. Fileless malware requires significant skills to develop and carry out, but if it's successful, it can do immense damage.
  • Employees will be the weakest link in corporate cybersecurity. With the human factor being the culprit behind more than 80% of cyberattacks, companies will continue struggling to instill proper cyber hygiene principles in their employee culture, even though the tools they use are becoming increasingly advanced.
  • Ransomware will become more targeted. Usually, ransomware is spread randomly to numerous targets by phishing or other social engineering methods with the hopes that someone will click the link or provide their credentials. More recently, however, ransomware gangs have been applying a different approach that is more carefully crafted to each individual victim and can do much more damage.
  • Cloud security will become increasingly important. With companies increasingly moving their data into the cloud instead of storing files locally on their computer, we will see a growing number of cyberattacks that exploit vulnerabilities in current solutions.
  • The EU threatens encryption laws. In order to curb various online crimes, the European Commission has put forward a proposal to weaken encryption laws across the bloc. If it passes, the new law will require digital platforms to scan every single message or file sent through their services for suspicious content. While the motivation behind the initiative is well-intentioned, it would make the internet much less private and secure.
  • Reduced cybersecurity spending will expose vulnerabilities. With a looming recession, many companies and individuals are rethinking their budgets, and cybersecurity spending is often among the first to receive a cut. Criminals will exploit this lowered guard, which is very likely to make 2023 one of the costliest and most destructive years for entities affected by cybersecurity incidents.
Logistics Technology
KEYWORDS cybersecurity NordLocker
  • Related Articles

    Ports to ramp up sustainability efforts in 2022

    3M continues to ramp up production and speed supply of N95 respirators

    Study: supply chain management projects to spark jump in IoT investment through 2023

Recent Articles by Supply Chain Quarterly Staff

Survey: parcel delivery drivers are frustrated by using their own smartphones for work

GXO extends shared warehousing model to U.K.

U.S. parcel volume dipped 2% in 2022 after a 6% rise in 2021

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

Report Abusive Comment

Most Popular Articles

  • Survey: most Americans unaware that truckers face shortage of parking spaces

  • Survey: parcel delivery drivers are frustrated by using their own smartphones for work

  • Best practices in logistics sustainability

  • Supply chain executives not yet seeing expected results from technology investments

  • Postal Service plans to seize items mailed with fake stamps

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Five tips for parcel success in 2023

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

View More

Subscribe to Supply Chain Quarterly

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

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing