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Keep Your Supply Chain Secure

Keep Your Supply Chain Secure

by Adam
September 22, 2022

Cyber criminals may be able to exploit security systems at a time when people are most vulnerable. The vast majority of cyber attacks during the cyber pandemic were phishing attacks and tried to exploit human psychology. This blog looks at how you can protect yourself against cyber attacks and prevent yourself from becoming a victim.

Everyone is aware of the COVID-19 pandemic. But are you aware of the cyber pandemic? We’re talking about an increase in digital environment users and poor cyber hygiene. It is no coincidence that the vast majority of cyber attacks during the cyber pandemic were phishing attacks. Such cybercrime is still prevalent today.

What else occurred as a result of the global health and cyber pandemic? Millions of people have switched to shopping online. The global supply chain was hit by a security crisis that is still ongoing. Risk awareness must be raised further, as cyber security extends beyond the installation of security software. Cyber security risks should be understood by every employee at every stage of the supply chain.

What exactly is a supply chain?

A supply chain is the collection of resources in one ecosystem that is required to manufacture and distribute a product. It consists of a mix of software, hardware, technology, and people.

Supply chain attacks have been a concern and still remain one for cyber security experts. The company itself is to be aware of the security of all suppliers, maintenance companies, and third parties.

What is a supply chain attack?

What are the most common supply chain risks?

Supply tampering

Both external and internal networks can experience data leaks. Any member of a supply chain, including a third-party vendor, has the potential to leak sensitive information to an outside source. Supply chain attacks are typically well-planned, complex, and sophisticated. As it is costly, a cyber criminal seeks to succeed. The cyber criminal posing as a retailer requests a change in credential information. Social engineering attacks, such as phishing, smishing, vishing, and quishing, are difficult to detect. Click here to learn more about the social engineering part of cyber security. 

Security breach

Security breaches happen when unauthorised access happens. Cyber criminals are always looking for new ways to commit cyber security crimes. Like numerous customers, they target companies’ retailers, suppliers, and third parties. A cyber criminal can send a malicious link that causes data loss or encourages the download of malware. As a result, data protection, integrity, and encryption throughout the supply chain are critical components of cyber security. Click here to learn about different ways of social engineering tactics. 

Digital risks

The risks of using digital solutions are becoming more difficult to eliminate as a result of digital transformation. The greater the number of digital integrations in a company’s ecosystem, the greater the opportunities for cyber criminals. It has the potential to compromise software, networks, and information. Click here to learn more about digital transformation risks.

What are the solutions?

According to the ENISA report, strong cyber security protection is not enough as cyber criminals have shifted to exploit suppliers’ data.

Cyber security must be treated as an ongoing process that involves effective and continuous communication between parties about cyber security breaches. Cyber security risks might be minimised with AI solutions. Although people’s training must be needed, It is a must to have protective software against cyber security attacks. It is important to raise awareness and educate your employees on cyber security issues, which will cover network, email, and password security.

In the modern world, it’s easy to get bogged down in a black hole of cyber security threats. Whether you’re a small business or a large corporation, it’s hard to know where to start when it comes to protecting your identity and ensuring the safety of your employees. This is why the MonkPhish team is so excited about providing their tool to the public. 

Our cyber security simulation tool is perfect for engaging your staff in the need for cyber security, and it’s easy to use. It’s a modern, accessible solution to a pressing problem that is affecting all companies, whether they’re large or small. MonkPhish brings a full-scale employee engagement, trains to prevent unauthorised cyber security access, and makes your employees your first line of defence. 

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