Supply Chain Risk Management Capabilities Center
The U.S. Department of Defense (DOD) says it is on track to meet its goal of forming a domestic supply chain for vital materials needed in both commercial products and military systems.
Pentagon officials said in early March that it had awarded about $440 million to establish supply networks for rare earth elements within the U.S. since 2020 and that it is on pace to build a supply that can sustain all agency requirements — from “mine to magnet” — by 2027.
AT&T says a massive trove of data impacting 71 million people did not originate from its systems after a hacker leaked it on a cybercrime forum and claimed it was stolen in a 2021 breach of the company. The data is from an alleged 2021 AT&T data breach that a threat actor known as ShinyHunters attempted to sell on the RaidForums data theft forum for a starting price of $200,000 and incremental offers of $30,000. The hacker stated they would sell it immediately for $1 million.
Iranian hacktivists executed a supply chain attack on Israeli universities by initially breaching systems of a local technology provider to the academic sector.
The self-styled Lord Nemesis group boasted online that it used credentials snatched from Rashim Software to break into the systems of the vendor’s clients, universities, and colleges in Israel. The hack-and-leak operation began on or around November 2023, according to Op Innovate, an incident response firm that assisted one of the victim universities.
Researchers demonstrated how they could conduct a Man-in-the-Middle (MiTM) phishing attack to compromise Tesla accounts, unlocking cars, and starting them. The attack works on the latest Tesla app, version 4.30.6, and Tesla software version 11.1 2024.2.7. The researchers reported their findings to Tesla saying that linking a car to a new phone lacks proper authentication security. However, the car maker determined the report to be out of scope.
Cybersecurity researchers have found that it’s possible to compromise the Hugging Face Safetensors conversion service to ultimately hijack the models submitted by users and result in supply chain attacks.
“It’s possible to send malicious pull requests with attacker-controlled data from the Hugging Face service to any repository on the platform, as well as hijack any models that are submitted through the conversion service,” HiddenLayer said in a report published last week.
President Joe Biden’s administration plans to launch a $5 billion semiconductor research consortium to bolster chip design and hardware innovation in the US and counter China’s efforts to capture the cutting edge of the industry.
President Biden’s Executive Order from the White House on supply chain resiliency signifies an important turning point for U.S. businesses, regarding supply chain management.
The plan, revealed at the inaugural meeting of the Council On Supply Chain Resilience on November 29, 2023, encompasses more than 30 targeted actions. The briefing room statement shared the goal is to “help Americans get the products they need when they need them, enable reliable deliveries for businesses, strengthen our agriculture and food systems and support good-paying, union jobs here at home.”
Supply chains are among the most important, complex and risky systems in the modern world. Thus, managing risk is no longer an option, but a fundamental process in organizations. Given the lack of pathways that guide companies toward supply chain risk management (SCRM), the purpose of this study is to provide a conceptual reference, in the form of a maturity model, to support them in the evolution and improvement of this process.
The proposal covered a broad literature review, a survey and a multiple case study. The research was conducted in the aerospace industry and included companies from the supply chain of a leading aircraft manufacturer.
The model elaborated with the research results has eight attributes and four levels, addressing critical issues for SCRM to achieve its scope and purposes. The attributes include the structuring and scope of the SCRM process, the importance it receives within the organization, the resources used and the qualification of employees, the role of leadership and the inter-organizational collaboration.
Managing risk along supply chains is particularly challenging, demands resources and knowledge and requires a continuous effort. The proposed model offers a reference for improvement, helping to identify areas that need to be strengthened and practices to be implemented. Thus, it can guide the focus and efforts in a more efficient and systematic way, in addition to support evaluations and comparisons.
Although maturity models are abundant in different fields and several are available for risk management, models specifically developed for SCRM are scarce. This study broadens the understanding of SCRM with novel insights about how to improve this process in an evolutionary way. While many researchers focused their efforts on the SCRM process steps, this study identified critical issues that transcend these steps. The research was carried out in a sector with a long tradition in risk management and included companies belonging to a same supply chain, that is, using an approach still little explored in studies on SCRM or risk management maturity models.
Johnson Controls International has confirmed that a September 2023 ransomware attack cost the company $27 million in expenses and led to a data breach after hackers stole corporate data.
Johnson Controls is a multinational conglomerate that develops and manufactures industrial control systems, security equipment, air conditioners, and fire safety equipment.
Zero-day exploits, supply chain attacks fuel 72% increase over previous record for incidents of compromise. Another increase is expected for 2024.A new record for data breaches reported to the Identity Theft Resource Center (ITRC) was set in 2023, spurred by zero-day and supply chain attacks, according to the organization’s annual data breach report released Thursday. The report noted that the number of data compromises in 2023 jumped 78% over 2022, to 3,205 from 1,801 and exceeded, by 72%, the previous high of 1,860 breaches recorded in 2021.