Logistics industry professionals are being advised to change their passwords, reports the Loadstar.
Cybercrime on the rise
Not only is it an opportune moment for cybercriminals to attack the supply chain sector, but access to logistics backend systems is being bought and sold more often than usual, according to US-based cyber firm Intel 471.
The group has revealed that in the past three months, the access credentials of approximately 50 freight and logistics companies – from Japan, the US, UK, Bangladesh and Malaysia – were posted online or being traded freely by cybercriminals.
Intel 471 researcher Greg Otto told The Loadstar the recent confluence of supply chain crises had created a target-rich environment for ransomware attacks, similar to last year’s wave of cyber-strikes against hospital IT systems.
“That wasn’t a coincidence,” he said. “Cybercriminals knew that healthcare providers were over a barrel.“
Mr Otto said it was feasible that attackers could see internal business documents that show a company is having big issues. “They would say, ‘if we hit them now, they’ll be over a barrel. They really cannot afford downtime, so they will be more likely to pay up, at a higher number’.”
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Source: The Loadstar
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