A spring and summer of cyber attacks taking aim at some of Britain’s biggest names in business – The Co-Op, M&S, Jaguar Land Rover (JLR) and Harrods to name a few – has highlighted the impact cyber attacks can have on the company impacted, but also on their wider vendor and supply chain.
In recent months there have been a spate of attacks on UK retailers, with The Co-Op recently saying that it has lost over £206m in sales and taken an £80m hit to its profits as a result of its cyber attack in April, where all 6.5m of its members had their data stolen.
JLR was only recently able to fully operate and reopen following its cyber attack in late August. The Cyber Monitoring Centre (CMC) has classed this as a Category 3 (out of 5) event, which is estimated will cost an estimated £1.9bn and be the most economically damaging cyber event in UK history.
In some of these high profile attacks, the cyber criminals may have targeted the helpdesk to gain credentials to access the systems. This is not a new attack vector, but is one of many methods cyber criminals employ to try to gain access to companies’ systems.
With AI now being used increasingly in cyber attacks –…
