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In December 2020, the SolarWinds “Orion” attack resulted in more than 18,000 customers unwittingly installing malicious code as part of a run-of-the-mill software update, compromising global companies’ critical supply chains and costing cyber insurance firms upwards of $90 million. Similarly, the recent Coronavirus disease (COVID-19) Vaccine Cold Chain Global Phishing campaign was a cyberattack against the key organizations running the COVID-19 cold chain. These phishing attacks tried to gain credentials for accessing sensitive information about the vaccine distribution, which in all likelihood, led to significant information leaks.
According to The Economist’s recent survey of 400 executives at U.S. and European companies, more than one-third (36%) reported cyberattacks “significantly” disrupted their supply chains in the last three years. In fact, cyberattacks were second only to COVID-19 as the force wreaking havoc with the world’s supply chains