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Do You Know These Secrets About Your Supply Chain?

Do You Know These Secrets About Your Supply Chain? In today's hyper-connected global economy, managing supply chain risk isn't just about knowing your immediate suppliers. It's about understanding the intricate web of extended supplier connections, stretching from your fourth-tier partners to potentially countless others. This complexity introduces unprecedented challenges for businesses striving for operational resilience and robust information security. The Limitations of Traditional Third-Party Management Many organisations believe they've tackled supply chain risk by meticulously mapping their direct third-party suppliers. However, this only scratches the surface. The real vulnerabilities lie in the 4th to Nth party connections , often invisible to traditional risk assessment methodologies. Why Extended Supplier Connections Matter Expanded Attack Surface: A breach at a distant supplier can ripple through the network, impacting your organisation's data and operations. Regulatory Compliance: Increasingly stringent regulations, like GDPR and ISO 27001, demand visibility into the entire supply chain, not just direct

By |2025-03-13T14:39:26+00:00March 13th, 2025|Blog|0 Comments

Ransomware and Supply Chain: How Vendors Create Victims

Ransomware and Supply Chain: How Vendors Create Victims Ransomware attacks are a growing menace, causing significant disruption and financial loss. In 2024, these attacks reportedly cost businesses an estimated $9.5 trillion globally. This escalating trend highlights the critical need for robust cyber security strategies. A particularly concerning aspect is the vulnerability introduced through Supply Chain product vendors, who, inadvertently or otherwise, can become a gateway for Ransomware. The Role of Supply Chain Vendors Supply Chain vendors are integral to modern business, providing essential software and hardware components. However, this reliance creates a potential weak link. These vendors often possess sensitive information about their client organisations, making them attractive targets for cyber criminals. A compromised vendor can provide attackers with a foothold into multiple organisations simultaneously. Vendor-Related Risks: Several factors can increase the risk of Ransomware attacks originating from Supply Chain vendors: Unpatched Vulnerabilities: Vendors failing to promptly patch security flaws in their

By |2025-02-20T13:21:02+00:00February 20th, 2025|Blog|0 Comments

Building an Unbreakable Supply Chain Security System

Building an Unbreakable Supply Chain Security System A robust Supply Chain is the lifeblood of any successful business. However, this intricate web of suppliers, vendors and partners presents a significant vulnerability: security breaches. Recent high-profile attacks and alarming statistics underscore the urgent need for comprehensive Supply Chain Security management. A CPG manufacturer's £22 million inventory cost saving through effective security exemplifies the tangible benefits, while the 2023 Security Breaches Survey highlights the alarming lack of minimum-security standards among UK businesses' suppliers. This article delves into the critical steps required to construct an "unbreakable" Supply Chain Security system, empowering your organisation to navigate the evolving threat landscape and safeguard your operations. The Alarming Reality: Identifying Supply Chain Threats The surge in Supply Chain attacks is staggering, with a 2,600% increase since 2018 and over 54 million victims in 2023 alone. The complexity of modern Supply Chains, relying heavily on interconnected suppliers,

By |2025-03-04T08:15:06+00:00February 4th, 2025|Blog|0 Comments

Telecom Namibia Data Breach – Predictable and Avoidable?

Was the Telecom Namibia Data Breach Predictable and Avoidable? A Supply Chain Risk Management Perspective Introduction One Tue 10th, December 2024 a notice was published by a Threat Actor ransomware group called Hunter International stating that Telecom Namibia Limited was allegedly hacked. The objective of this post is to examine this incident from a Supply Chain Risk Management (SCRM) perspective. To assist prospects and existing customers in setting up and maturing their SCRM programs, I always recommend reviewing past incidents to understand if any of the incidents were predictable and avoidable and what mitigating steps should have been taken by all parties. Telecom Namibia (TN) is a great case in point and all the evidence surrounding this incident is still fresh. At present the incident is still under investigation to determine the root cause. However, if I was a betting person, I would wager that the evidence below is part

By |2025-01-16T14:32:43+00:00December 19th, 2024|Blog|0 Comments

Ransomware vs. Malware: Key Differences and Security Measures

Ransomware vs. Malware: Key Differences and Security Measures In today's digital age, cyber threats have become increasingly sophisticated and prevalent. Two of the most common cyberattacks are Ransomware and Malware. While both pose significant risks to individuals and organisations, they differ in their objectives and methods. Understanding the key differences between Ransomware and Malware is crucial for implementing effective security measures to protect your digital assets. What is Malware? Malware, short for malicious software, is a broad term encompassing various types of software designed to infiltrate computer systems without the user's knowledge or consent. Malware can be categorised into several types, including: Viruses: Self-replicating programs that attach themselves to other files and spread through networks. Worms: Self-propagating Malware that can spread independently without requiring user interaction. Trojan Horses: Malicious programs disguised as legitimate software, often used to steal data or grant unauthorised access. Spyware: Software that secretly monitors user activity

By |2024-12-05T12:04:45+00:00December 5th, 2024|Blog|0 Comments

Digital Operational Resilience Act: Financial Institutions

Digital Operational Resilience Act: Financial Institutions The Digital Operational Resilience Act is a landmark piece of legislation designed to strengthen the cyber security and operational resilience of financial institutions within the European Union. As the financial sector continues to become increasingly digital, the need for robust defences against cyber threats has never been more critical. Digital Operational Resilience Act aims to address this need by establishing a comprehensive framework for managing digital risks and ensuring the stability of the financial system. In this article “Digital Operational Resilience Act: Financial Institutions”, we will delve into the key aspects of Digital Operational Resilience Act, explore the steps financial institutions can take to assess their existing frameworks and discuss strategies for implementing effective compliance and remediation measures. Understanding Digital Operational Resilience Act and Its Implications The Digital Operational Resilience Act (DORA) is a significant piece of legislation aimed at strengthening the resilience of

By |2024-11-22T15:59:34+00:00November 22nd, 2024|Blog|0 Comments

How to Uncover Your Susceptibility to a Ransomware Attack

How to Uncover Your Susceptibility to a Ransomware Attack Ransomware attacks continue to pose a significant threat to organisations worldwide. However, traditional security measures often prove ineffective against increasingly sophisticated attack vectors. In light of this, vulnerability assessment has become more crucial than ever for cyber security teams. A systematic review can greatly enhance teams' understanding of their exposure to Ransomware attacks by evaluating security controls and identifying potential weak points. To effectively identify these vulnerabilities, security professionals must thoroughly assess their organisation's defense capabilities. Elasticito's article “How to Uncover Your Susceptibility to a Ransomware Attack” offers a comprehensive evaluation encompassing several key areas. By conducting this security review, organisations can fortify their defenses against evolving Ransomware threats. Assess Your Current Security Posture The numbers are indeed alarming - businesses deal with Ransomware infections every 11 seconds, which adds up to a massive £15.71 billion annually worldwide. A complete assessment

By |2024-11-08T09:44:58+00:00November 7th, 2024|Blog|0 Comments

Ransomware: How Susceptible Is Your Organisation? – Part 2

Ransomware: How Susceptible Is Your Organisation? - Part 2 Building upon our previous article, "Ransomware: How Susceptible Is Your Organization? - Part 1," we continue our exploration of this escalating cyber threat. Ransomware attacks have skyrocketed in recent years, causing significant disruption and financial losses to organisations worldwide. This malicious software encrypts valuable data, holding it hostage until a ransom is paid, leaving organisations in a vulnerable position. The increasing frequency and sophistication of these attacks highlight the urgent need for effective cyber security strategies. This article delves deeper into the devastating impact of Ransomware on organisations, identifying common attack vectors and high-value targets within organisations. We also examine essential defence-in-depth strategies, the importance of threat intelligence, and crisis management planning. By understanding these key areas, organisations can strengthen their Ransomware resilience and protect their critical assets. Leveraging Threat Intelligence for Ransomware Prevention Threat intelligence is a crucial tool in

By |2024-09-23T07:56:25+00:00September 23rd, 2024|Blog|0 Comments

Ransomware: How Susceptible Is Your Organisation? – Part 1

Ransomware: How Susceptible Is Your Organisation? - Part 1   Ransomware has become a critical cyber security threat, causing significant disruption and financial losses to organisations worldwide. This malicious software encrypts valuable data, holding it hostage until a ransom is paid, often leaving businesses in a precarious position. The rise in Ransomware attacks has led to a growing need for robust defence strategies and increased awareness among organisations of all sizes and sectors. To tackle this evolving threat, organisations must understand their vulnerabilities and implement comprehensive protection measures as the weakest and most vulnerable will be targeted. This article explores the business impact of Ransomware, identifies high-value targets within organisations, and examines common attack vectors in the financial sector. It also delves into defence-in-depth strategies, the use of threat intelligence for prevention, crisis management, and the importance of cyber security governance. By addressing these key areas, organisations can enhance their

By |2024-09-23T07:57:26+00:00September 17th, 2024|Blog|0 Comments

How to Achieve Cyber Resilience Using the NIST Cybersecurity Framework

How to Achieve Cyber Resilience Using the NIST Cybersecurity Framework In today's digital age, cyber threats pose significant risks to organisations of all sizes. The NIST Cybersecurity Framework has emerged as a crucial tool to help businesses enhance their cyber resilience. This comprehensive approach to risk management provides a structured method to assess, improve, and maintain an organisation's cyber security posture. By adopting this framework, companies can better protect their assets, data, and reputation from ever-evolving digital threats. The article will explore the key components of the NIST Cybersecurity Framework and how it helps to boost cyber resilience. It will delve into the importance of cyber resilience in the current digital landscape and outline practical steps to put the framework into action. By the end, readers will gain valuable insights on how to use this powerful tool to strengthen their organisation's defences against cyber attacks and build a more resilient

By |2024-08-22T09:30:38+00:00August 22nd, 2024|Blog|0 Comments