Skip to content
Search AI Powered

Latest Stories

Report: hackers target third-party suppliers in automakers’ supply chains

90% of cyberattacks in the sector are aimed at “less vigilant firms” instead of well-protected OEMs

VicOne_Automotive_Cyberthreat_Landscape_Report_2023.jpeg

Nine out of 10 cyberattacks launched at automotive manufacturers are not aimed at the original equipment manufacturers (OEMs) themselves, but at other companies in their supply chains, according to a study from cybersecurity software and service provider VicOne.

That trend means that third-party suppliers—including logistics providers, service providers, and companies engaged in the production of components, accessories or parts—have emerged as a growing focus of attacks, the company said in its “VicOne Automotive Cyberthreat Landscape Report 2023.”


One reason for rising attacks is the increasing complexity of vehicles and their integration of connectivity, automation, and advanced driver assistance systems (ADAS). Most of the security issues were found on chipsets or systems-on-chip (SoCs), followed by vulnerabilities in third-party management applications and in-vehicle infotainment (IVI) systems, the report said.

One problem in preventing such cyber attacks is the regulatory vacuum concerning vehicle data, the report said. However, VicOne said that a new United Nations cyber security policy known as UN R155 will mandate safety conditions for newly manufactured cars beginning in July, 2024.

But in the meantime, auto industry losses are growing from cyberattacks such as ransomware and exposure of leaked data or personally identifiable information (PII), as well as costs associated with system downtime.

“Alarmingly, over 90% of these attacks were not aimed at OEMs themselves but rather at other entities in the supply chain,” the report said. “Attackers often find it difficult to penetrate well-protected companies, so they target less vigilant firms instead. But OEMs are affected all the same, because of the supply chain disruptions. Consequently, defending systems against cyberattacks is no longer just about securing an individual firm; it is about strengthening the entire supply chain.”
 

 

 

Recent

More Stories

team collaborating on data with laptops

Gartner: data governance strategy is key to making AI pay off

Supply chain planning (SCP) leaders working on transformation efforts are focused on two major high-impact technology trends, including composite AI and supply chain data governance, according to a study from Gartner, Inc.

"SCP leaders are in the process of developing transformation roadmaps that will prioritize delivering on advanced decision intelligence and automated decision making," Eva Dawkins, Director Analyst in Gartner’s Supply Chain practice, said in a release. "Composite AI, which is the combined application of different AI techniques to improve learning efficiency, will drive the optimization and automation of many planning activities at scale, while supply chain data governance is the foundational key for digital transformation.”

Keep ReadingShow less

Featured

manufacturing job growth in US factories

Savills “cautiously optimistic” on future of U.S. manufacturing boom

The U.S. manufacturing sector has become an engine of new job creation over the past four years, thanks to a combination of federal incentives and mega-trends like nearshoring and the clean energy boom, according to the industrial real estate firm Savills.

While those manufacturing announcements have softened slightly from their 2022 high point, they remain historically elevated. And the sector’s growth outlook remains strong, regardless of the results of the November U.S. presidential election, the company said in its September “Savills Manufacturing Report.”

Keep ReadingShow less
container ships at dock port of savannah

54 container ships now wait in waters off East and Gulf coast ports

The number of container ships waiting outside U.S. East and Gulf Coast ports has swelled from just three vessels on Sunday to 54 on Thursday as a dockworker strike has swiftly halted bustling container traffic at some of the nation’s business facilities, according to analysis by Everstream Analytics.

As of Thursday morning, the two ports with the biggest traffic jams are Savannah (15 ships) and New York (14), followed by single-digit numbers at Mobile, Charleston, Houston, Philadelphia, Norfolk, Baltimore, and Miami, Everstream said.

Keep ReadingShow less
EDGE 2024 diversity educational session

Diversifying your supply chain beyond China to minimize risk

Jason Kra kicked off his presentation at the Council of Supply Chain Management Professionals (CSCMP) EDGE Conference on Tuesday morning with a question: “How do we use data in assessing what countries we should be investing in for future supply chain decisions?” As president of Li & Fung where he oversees the supply chain solutions company’s wholesale and distribution business in the U.S., Kra understands that many companies are looking for ways to assess risk in their supply chains and diversify their operations beyond China. To properly assess risk, however, you need quality data and a decision model, he said.

In January 2024, in addition to his full-time job, Kra joined American University’s Kogod School of Business as an adjunct professor of the school’s master’s program where he decided to find some answers to his above question about data.

Keep ReadingShow less
warehouse problem medical triage strategy

Medical triage inspires warehouse process fixes

Turning around a failing warehouse operation demands a similar methodology to how emergency room doctors triage troubled patients at the hospital, a speaker said today in a session at the Council of Supply Chain Management Professionals (CSCMP)’s EDGE Conference in Nashville.

There are many reasons that a warehouse might start to miss its targets, such as a sudden volume increase or a new IT system implementation gone wrong, said Adri McCaskill, general manager for iPlan’s Warehouse Management business unit. But whatever the cause, the basic rescue strategy is the same: “Just like medicine, you do triage,” she said. “The most life-threatening problem we try to solve first. And only then, once we’ve stopped the bleeding, we can move on.”

Keep ReadingShow less