The COVID-19 pandemic affected all industries and presented manufacturing firms with enormous challenges, with considerable changes in consumer demand for goods and services. Supply chain management disruption caused by the COVID-19 outbreak resulted in several socio-economic roadblocks. The slow propagation of disruption risk results in a ripple effect along the entire chain. The lack of resilience and risk management capability is the prime cause, attributed to the unavailability of digital resources, skills, and knowledge.
Cybercriminals exploit SVB collapse to steal money and data
The collapse of the Silicon Valley Bank (SVB) on March 10, 2023, has sent ripples of turbulence throughout the global financial system, but for hackers, scammers, and phishing campaigns, it’s becoming an excellent opportunity.
As multiple security researchers report, threat actors are already registering suspicious domains, conducting phishing pages, and gearing up for business email compromise (BEC) attacks.
US introduces new rules to protect water systems from hackers
The US Environmental Protection Agency on Friday announced new requirements for public water facilities to boost their cybersecurity while expressing concern that many facilities have failed to take basic steps to protect themselves from hackers.
The new EPA memo requires state governments to audit the cybersecurity practices of public water systems — and then use state regulatory authorities to force water systems to add security measures if existing ones are deemed insufficient.
‘No easy answer’ on managing battery storage supply chain issues, but things are getting better
Managing your battery energy storage system (BESS) supply chain is a complex issue with no easy fixes, according to leading developers, system integrators and investors. That was the message from panelists on the ‘Effective Management of Supply Chains’ on day one of Energy Storage Summit in London last week (22/23 February). Supply chain has been a major topic in the BESS industry in the past few years,
Hydrochasma: An Emerging Threat to Asia’s Medical and Shipping Industries
A new player has emerged in the realm of cyber threats: Hydrochasma. According to Symantec’s investigation, this group has set its sights on medical laboratories and shipping firms in Asia. This previously unknown group was found to have no links to any known threat actors, but it appears to be interested in industries involved in COVID-19 treatments or vaccines.
There’s a new inflation warning for consumers coming from the supply chain
As the markets prepare for the latest consumer price index data to be released on Tuesday, logistics managers are warning of a persistent source of inflation in the supply chain and saying consumers should be ready for the effect it will have on their wallets.
US will see more new battery capacity than natural gas generation in 2023
Earlier this week, the US’ Energy Information Agency (EIA) gave a preview of the changes the nation’s electrical grid is likely to see over the coming year. The data is based on information submitted to the Department of Energy by utilities and power plant owners, who are asked to estimate when generating facilities that are planned or under construction will come online. Using that information, the EIA estimates the total new capacity expected to be activated over the coming year.
Critical Manufacturing Organizations Face Significant Risk of Cyber Attacks
Recent years have seen an alarming increase in the number of cyberattacks against critical infrastructure, many of which involved ransomware. Particularly in terms of cyber resilience, the industrial industry appears to be falling behind.
SUPPLY CHAIN SECURITY: 98% of Firms Have a Supply Chain Relationship That Has Been Breached: Analysis
The digital supply chain is probably more extensive and more complicated than you realize. Upward of 98% of organizations have a relationship with at least one third party that has experienced a breach in the last two years – and these figures are almost certainly no exaggeration.
Additional Supply Chain Vulnerabilities Uncovered in AMI MegaRAC BMC Software
Two more supply chain security flaws have been disclosed in AMI MegaRAC Baseboard Management Controller (BMC) software, nearly two months after three security vulnerabilities were brought to light in the same product. Firmware security firm Eclypsium said the two shortcomings were held back until now to provide AMI additional time to engineer appropriate mitigations.