Cybersecurity experts are unanimous: The number of ransomware attacks rocketed in 2017, thus raising some major concerns. Capable of encrypting personal data to block computers, these malicious software programs are the prime choice of hackers for waging attacks on companies. What are the risks related to the rise in these attacks? What precautions should be taken to protect yourself? Here’s a rundown of the situation and recommended solutions for the Supply Chain.
Cyberattacks with devastating effects in 2017
In its 2017 report, the French Cybersecurity Agency (ANSSI) evoked an unprecedented year. According to cybersecurity experts, the year was marked by a growing number of attacks, enhanced sophistication of attacks, and effects that are increasingly more devastating. Cyber threats are continually on the rise all over the world, as confirmed by figures from IT solution publishers.
According to Alex Drozhzhin, the statistics provided by Kaspersky Security Network show that the number of ransomware attacks has multiplied by 5 in one year, increasing from 131,111 attempts in 2014-2015 to 718,536 in 2015-2016. Also according to Kaspersky, ransomware attacks are increasingly targeting companies. The percentage of companies victims of a cyberattack more than doubled between 2014-2015 and 2015-2016, increasing from 6.8% to 13.13%.
Cyber risks: a strong trend for 2018
The trend does not seem to be letting up in 2018. Kaspersky has reported a record increase in crypto-jacking cases by 8,500% since the beginning of the year. According to Cybersecurity Ventures, ransomware attacks could potentially cause 11.5 million dollars in losses from now until 2019.
After ransomware comes the ransomworm
Ransomware could evolve into the form of a worm that is capable of spreading even more quickly throughout local networks. According to cybersecurity experts, the development of ransomworms is expected to pick up over the coming years given the high return on investment of ransomware attacks for hackers.
According to a study carried out by the company Trustware, an attack campaign costing $6,000 could bring hackers $90,000, or rather a profitability rate of 1,425%! There is even talk about the automation of cyberattacks called RaaS, or ransomware as a service.
Is the Supply Chain in the firing line?
In the 2018 report on world threats, NTT Security records a significant increase in the number of ransomware attacks targeting the Supply Chain sector. Among the sectors most targeted by ransomwares, the company and professional services market has moved up from 6th place in 2016 to 3rd place.
Challenges and prospects in cyber defense for the Supply Chain
Because the mass market retailer sector and e-commerce actors generate large volumes of data to run their business models, they fear ransomware attacks the most. The departments in charge of information system security, and the heads of Supply Chain along with their teams have an important role to play in cyber resilience on extensive networks.
Different measures are taken to ensure the security of company systems:
SaaS mode: the solution to cybersecurity problems?
The vulnerability of information systems exploited by hackers is often a result of negligence, economic constraints and difficulties in upgrading computers. Fortunately there is a way to fill these gaps: migrating business applications to SaaS mode.
Publishers of SaaS-based solutions know how to implement security systems that provide much more protection than what normally exists in companies. Moreover, system protection software is often doubled and reinforced with supervision processes that have to meet extremely strict requirements.
Further reading: The key factors that boost the SaaS EDI/B2B market
SaaS mode offers a variety of advantages:
More than ever in 2018, cybersecurity is at the heart of company directors’ concerns in the Supply Chain. Although streamlining processes is essential, it should not be detrimental to system security measures. The stakes: secure data systems while maintaining trust between clients and service providers.
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