In June 2023, the MOVEit transfer tool was involved in a supply chain attack affecting over 620 organizations, including major corporations like BBC and British Airways. MOVEit is a file transfer tool that companies throughout the world used to securely move files from one online place to another (or so they thought).
The 600-plus companies that were affected were victims of a “supply chain attack,” or a breach that happens when something in your business supply chain is compromised. In this case, the attackers were able to access and manipulate files being transferred through MOVEit, causing major disruptions and exposing sensitive information.
This attack highlights the ripple effect of supply chain attacks—the impact it can have not only on one company but also on others connected through their shared use of a particular tool or service. This ripple effect can cause extensive damage to an entire network of businesses and their customers.
As a manufacturing company, ensuring the security of your supply chain should be a top priority. A breach in your supply chain can lead to production delays, loss of trust from customers, and financial losses. Here are five tips to help secure your manufacturing network against potential supply chain attacks.
Understanding Supply Chain Attacks
Supply chain attacks occur when cybercriminals exploit vulnerabilities in an organization’s supply chain to gain unauthorized access to sensitive information or systems. These attacks can have far-reaching consequences, impacting not only the targeted business but its clients and partners.
In recent years, the frequency of such attacks has risen significantly, with industries like manufacturing being prime targets due to their intricate networks of suppliers and partners.
According to Statista, the number of customers impacted by supply chain attacks peaked at over 263 million in 2019. Although this number has decreased, the potential for substantial damage remains. Common attack vectors include malware infections, counterfeit goods, and drive-by compromises, making it crucial for businesses to prioritize supply chain security.
1. Enhancing Vendor Security
One of the most effective ways to safeguard your manufacturing network is by strengthening vendor security. Collaborate closely with your suppliers to ensure they adhere to stringent cybersecurity protocols. Implement comprehensive risk assessments that evaluate the security posture of potential vendors before establishing partnerships.
Encourage your vendors to adopt best practices like multi-factor authentication (MFA), regular security audits, and employee training programs. By aligning your security standards with those of your suppliers, you create a more resilient supply chain that can withstand cyber threats.
2. Implementing Multi-Factor Authentication
Multi-factor authentication (MFA) adds an extra layer of security to your network by requiring users to provide multiple forms of verification before granting access. This simple yet effective measure significantly reduces the risk of unauthorized access, even if login credentials are compromised.
For manufacturers, MFA can be particularly beneficial in securing remote access to critical systems and applications. By implementing MFA across your organization and encouraging vendors to do the same, you fortify your network against potential breaches and unauthorized intrusions.
3. Keeping Software Updated
Regular software updates are a fundamental aspect of maintaining a secure manufacturing network. Outdated software can contain vulnerabilities that cybercriminals exploit to gain access to your systems. By staying up-to-date with the latest patches and updates, you ensure that these vulnerabilities are patched and your network remains secure.
Consider implementing automated update mechanisms to streamline the process and reduce the risk of human error–which is the main cause of 95% of breaches. Encourage your vendors to follow suit, as a collective commitment to software maintenance strengthens the entire supply chain’s security posture.
4. Network Segmentation for Improved Security
Network segmentation involves dividing your network into smaller, isolated segments, each with its own security controls. This approach enhances security by limiting the spread of cyberattacks to only a portion of your network, minimizing potential damage.
Manufacturers can benefit greatly from network segmentation, as it allows them to safeguard critical processes and sensitive data from unauthorized access. By segmenting your network and implementing strict access controls, you create a more resilient infrastructure that can withstand cyber threats.
5. Planning for Incident Response
Despite your best efforts to secure your manufacturing network, cyber incidents may still occur. Developing a comprehensive incident response plan ensures that your organization can quickly and effectively mitigate the impact of a breach.
Your incident response plan should outline a clear chain of command, communication protocols, and procedures for containment, investigation, and recovery. Conduct regular drills and simulations to ensure that your team is prepared to respond swiftly and efficiently in the event of an attack.
Partner with an Industry-Experienced IT Provider Like GiaSpace
In the end, you have a business to run. The thought of becoming an IT expert to prevent your business from being compromised may seem overwhelming. This is where an experienced IT provider like GiaSpace comes in.
With decades of experience protecting businesses from cyber threats, we understand the complexities and risks involved in securing a manufacturing network. We can help implement the best practices mentioned above and tailor them to fit your organization’s unique needs.
Don’t let your business become another statistic in the growing trend of supply chain attacks. Schedule a call with our team today to learn more about how we can help keep your data safe.
