Everything to Understand About Cyberattacks Around Supply Chain Industry in 2023

Cyberattacks targeting supply chain industry involves different methods to gain access to information involved in the process. Traditional supply chain methods are vulnerable to malware attacks and software solution for supply chain industry are even bigger concern. Software applications are highly vulnerable because they are not developed from scratch, and includes multiple third-party APIs, and open source code. All are highly susceptible to security threats. 

Major attack process includes injection of malicious code and infect existing users of the application. When it comes to hardware attack here physical devices are compromised to infiltrate the supply chain systems. Whatever the method, these attacks results into devastating impact. To keep your system secure cybersecurity solutions can play a huge role in the overall process. In this blog, we will come across different attacks with their solutions. 

Types of Supply Chain CyberAttacks

1.Property Theft

Internet protocol(IP) thrives manufacturing industry. If hackers access a company’s IP data, it can result into major troubles. The key reason behind the IP attack is the presence of  third parties API in the supply chain. They make IP vulnerable to attacks. Most businesses have very limited security for their IP.

2. Malware Attack

Malware is also a major concern for supply chain industry. The process involves unauthorized access to the system and later spread to gain access of the whole  network. The major concern, they’ve evolved rapidly like adware, viruses, ransomware, worms, and spyware. 

3. Supplier Fraud

Here online attackers mask themselves as a popular retailer. They at later stages request for changing payment method and once approved implement deepfake video recordings, phishing attacks and AI-generated voicemails. Suppliers are not only impacted by the attacks. Third-party vendors also become victim of the social engineering and fraud techniques. 

4. Digital Threats 

Digitization has become a necessity for every industry niche. But it also involves cybersecurity risks. Supply chain is also becoming digital for streamlined operations.  These are also known as the value-chain attacks or third-party attacks. These attacks happen when attacker follows the trusted access offered to the partners.

Here the third party code when using a web application hits the user’s browser. In such situations, third-party servers are used which are quite vulnerable. Once security is compromised, cyber attackers may access the system and capture available data. 

Tips to Prevent Supply Chain Attacks

1. Recognize, and Prioritize Threats 

The first step suggested by cybersecurity services involves is identifying all possible risks. It needs proper understanding of the supply chain and its key components like supplier details and their security level. You can start by grouping the vendors as per the possible risks. Prioritize each third party modules and API available as per the vulnerability level, access to the data, and overall impact. 

2. Build Robust Security Strategy 

Supply chain attacks are performed for different objectives. The major ones include ransom, and property theft. These attacks are majorly performed via malicious code injections, restricting software updates, and malware. With rapid increase in cyberattacks, supply chain leaders need to manage security and risks to analyse threats.

3. Monitor Third-Party Risks

 Knowing the reasons behind potential attacks is a real challenge. You must check proprietary information, and customer information, for efficient implementation of cybersecurity solutions for system advance security.  

Knowing attack motivations can help determine the systems that require proper security. You can implement different steps for security including threat hunting, sensor security and centralized log aggregation. 

Wrapping Up 

Supply chain protection should keep a proper check on the available system elements to uncover possible threats. Moreover, the possible activity occurring, deep visibility, and identify gaps for advanced security integration. You can achieve this with the help of a consolidated monitoring strategies that offers visibility into threats and helps fix complex attacks.

You can reach to a professional cybersecurity service provider to build a robust and secure environment. Being experienced in identifying vulnerabilities, setting stringent checkpoints, and adding policies is always a major advantage.