Don’t underestimate the dangers of ransomware affecting your supply chain
More often than not, cybercriminals are counting on a company’s leadership being ignorant of the destruction that can be wreaked on the company’s internal systems. Mark Atwood, Global Research and Advisory leader with Gartner is warning of the persistent threat of cyber-attacks across the globe, and across all business sectors.
Ransomware is a type of malicious software (malware) that is designed to block access to a computer system or its data until a sum of money is paid. Ransomware typically works by encrypting the data on a computer or network, making it inaccessible to the user. The attackers then demand a ransom from the victim in exchange for the decryption key that is needed to unlock the data. Supply chains can be significantly affected by ransomware attacks, as they can disrupt the flow of goods and materials and disrupt operations at various points along the supply chain. In order to protect against the negative impact of ransomware on supply chains, it is important for companies to have robust cybersecurity measures in place and to have contingency plans in place to deal with potential disruptions.
The EPA issued a crucial alert, urging water utility systems to enhance their cybersecurity measures immediately to protect the nation's drinking water.