Digital connections add new security risks to the supply chain. Companies including IBM and Maersk believe blockchain may provide the answer
Cyber attacks such as the Target breach and NotPetya malware might be infamous for the resulting financial damage – around $250m and $900m respectively. What should perhaps be more frightening for businesses is that these losses occurred due to errors originating on the supplier side.
The 2013 hack on Target was a result of a spear phishing attack on one of the firm’s contractors. It resulted in the loss of 40 million credit card details, several senior executives – including the CEO – losing their jobs, and financial damages of over $250m.
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