Cyber Threat Is The Big Risk To Distribution Chains, Says Loadsure

This latest Opinion piece is by Meshach Weber, CMO/CXO of Loadsure, the cargo insurance specialists. Now traditionally, marine and shipping insurance hasn’t been a top target for hackers and ransomware criminals, but as ships become much more automated the possibilities of having cargo sabotaged or stolen have intensified. Then there are drone threats at airports, plus hacking of distribution and local customs/compliance systems to think about.

Are your customers tightening the screws on cargo security but neglecting cybersecurity? They’re at risk.

By Meshach Weber

COVID-19 added fuel to the seasonal cargo theft fire. We both know that. Did you know, however, that the pandemic is also driving a spike in ransomware?

Transportation Topics recently published an article about the growing ransomware threat. In it, they reported that ransomware attacks spiked 715% year-over-year—just as the data backup and security experts I know predicted.

In December, trucking and logistics company, Forward Air, confirmed it was one of those unlucky victims. Targeted by the Hades ransomware gang, the company was forced to pivot to manual processes amid the holiday capacity crunch, disrupting business operations, delaying customer shipments, and potentially impacting revenue, according to FreightWaves.

The Forward Air story is just one of many to highlight the increased risk of ransomware in the age of COVID-19. In fact, Arctic Wolf, a security operations provider to thousands of organizations and across a range of industries, has documented dozens of pandemic-related cyber threats since March alone.

And this skyrocketing cybercrime could not only bring the transportation businesses you serve to their knees, but it could also hold devastating consequences for COVID-19 vaccine distribution.

What do we see?

Vulnerabilities and leverage points:

● Many of us are working remotely, and our data backup and security practices may not be as robust as they are at the office

● Businesses often underfund data backup, security, and disaster recovery—and transportation businesses are no exception

● Strained by a once in a 100-year pandemic, we’re tired and overwhelmed—and more likely to click a link or download a file from a source that, rested and focused, might give us pause

● There is intense pressure to rapidly distribute the COVID-19 vaccine

And, we promise you—cybercriminals see it, too.

Worse yet, according to a New York Times article on recent attacks, “…some cybersecurity experts say they suspect something more nefarious: efforts to interfere with the distribution, or ransomware, in which the vaccines would be essentially held hostage by hackers who have gotten into the system that runs the distribution network and locked it up — and who demand a large payment to unlock it.”

Of course, your clients don’t need to play a role in COVID-19 vaccine distribution to be a target.

“Global supply chains are dependent upon information and goods exchanged through dependable and transparent methods,” says Craig Fuller, CEO of FreightWaves. “Cyber attacks put this at risk.”

Right now, we’re in the middle of a capacity crunch, and pressure is high. And, really, that’s all cybercriminals need—your clients to feel immense pressure to comply with their ransom demands.

I’ve spent years working in the data protection space, speaking with leading industry experts on ransomware protection, and I wanted to ensure you were aware of the threat—and what your clients can do about it.

How can your clients protect their businesses against the ransomware threat?

First, it’s important to understand that data security solutions cannot prevent all ransomware attacks. That’s why taking a robust, three-pronged approach to protecting their business-critical systems, applications, and data is crucial.

That means investing not just in data security but end-user training and data backup and disaster recovery, as well.

Be sure your clients ask these questions of their companies:

● Have our prime cybercrime targets—our business leaders—received ransomware training, and are they regularly communicating the importance of vigilance across the company?

● Are we regularly conducting ransomware awareness training sessions and phishing simulation testing our team? (Chris Roberts of Hillbilly Hit Squad says Wizer Training is a good option.)

● Are we immediately updating software and implementing security patches?

● Are we restricting access to systems and data to only those who absolutely need it?

● Has our IT team or managed service provider implemented a 3-2-1 backup strategy? (Do we maintain three copies of our data on two different types of media, one of which is stored offsite for disaster recovery?)

● Does our business have a ransomware crisis plan in place—and did its planning extend beyond our IT team to also include cross-department leadership, including customer service and communications?

● Does our IT team regularly test the recoverability of our systems, applications, and data?

● Are we performing tabletop exercises to ensure we’re prepared—and to ensure we’ve identified any unknown vulnerabilities?

How can your clients avoid personally opening the door to cybercriminals?

It’s not always easy. Cybercriminals have grown increasingly sophisticated—they’re leveraging social engineering and expertly spoofing businesses we trust. And, it makes those urgent emails and web offers we receive from them nearly irresistible.

It’s why we suggest they:

● Remain suspicious of unsolicited requests for personal data—whether they receive them by call, text, or email

● Independently verify data requests by placing a direct call to the business using the contact information on its website—never the contact information provided in the message they received

● Don’t click links or download files from sources they don’t know and trust

● Don’t share personal or financial data via email—and don’t click links that request this information

● Confirm the websites they’re visiting are secure before sharing sensitive data (look for the closed padlock icon and the HTTPS security protocol)

● Look closely at email addresses and URLs for the slight spelling or punctuation changes that signal a source has been spoofed (e.g. jim.johnson@usabank.com vs. jim_johnson@usabank.com)

● Be wary of generic email greetings from people they know (if something feels off, it probably is)

● Be vigilant of data and financial requests from folks who wouldn’t ordinarily make such requests of them, but who they’d be inclined to immediately service (perhaps that’s their CEO or an executive-level partner they’ve never met)

● Never use a flash drive that’s not their own or from a trusted source

Ransomware is the quintessential example of prevention being worth a pound of cure. So, encourage your clients to stay vigilant. We’re all in this together—and together we can keep the wheels turning.

Meshach Weber

Meshach Weber is CMO/CXO of Loadsure. A leader in the field of behavioral marketing and behavior design, he’s spent the last 11 years of his career in the transportation tech and data protection space, serving both enterprise and startup companies, including XRS, Omnitracs, ONE20, and Arcserve. Contact Meshach at meshach.weber@loadsure.net.

About alastair walker 5721 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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