Logistics is the bloodline of all industry
Securing the logistics and transport industries against cyber threats is of utmost importance to maintain the smooth flow of goods, support critical infrastructure, and ensure the availability of essential items, such as medicines in hospitals. By understanding the value of logistics data, protecting internal systems, training employees, and fostering collaboration among supply chain partners, companies can fortify their defences and confidently navigate the evolving landscape of cybersecurity threats.
According to a report by BCG, the transportation and logistics industry is becoming increasingly vulnerable to cyber attacks. The report states that the industry suffers from lagging cyber regulations and standards, inadequate cybersecurity awareness, and a shortage of cyber-defense talent. Cyber attacks used to occur every few years in the T&L sector. Now, there seems to be one or two each month.
Between June of 2020 and June of 2021, the transportation industry witnessed a 186% increase in weekly ransomware attacks.
The use of cyber attacks in conflict, crime and even terrorism continues to increase with logistics, transport and shipping companies becoming a more common target.
Key IT Security Challenges in the Logistics Sector
MANAGED DETECTION & RESPONSE
Without awareness of activity inside your organisation’s network, it can be impossible to know if systems and data are in danger of being compromised. CommSec MDR provides extensive threat visibility across on-premises, cloud and hybrid environments, 24/7.
Logistics companies handle a massive volume of sensitive data, including customer information, transportation schedules, inventory levels, and more. This data is invaluable for optimizing operations, but it also attracts cybercriminals seeking to exploit vulnerabilities. Implementing robust cybersecurity measures ensures the protection of this valuable data from unauthorized access and theft.
Supply Chain Disruptions
Cyberattacks can disrupt the entire supply chain, causing delays, shortages, and financial losses. Attackers may target transportation management systems, warehousing networks, or communication channels, leading to operational chaos. By securing every link in the supply chain, companies can mitigate the risk of disruptions and maintain a steady flow of goods to their destinations.
Ransomware attacks can paralyse logistics operations by encrypting data and demanding a ransom for its release. Regular data backups, offline storage, and robust incident response plans are essential to counter ransomware threats effectively. Companies should never pay the ransom, as it only encourages further attacks.
Security Awareness Training
Human error is a significant factor in cybersecurity breaches. Providing comprehensive training to employees about cybersecurity best practices, identifying phishing attempts, and reporting suspicious activities can create a strong first line of defense against cyber threats.
Supply Chain Threats
Recognise that the entire supply chain is interconnected, and the security of one partner can affect others. Establish clear cybersecurity protocols and expectations for all partners involved. Regularly assess their security practices to ensure compliance and a robust collective defence against potential cyber threats.
We prioritise the following key legislation and guidelines to ensure compliance and mitigate risks:
NIS2 Directive: The transport sector is essential under the NIS2 directive due to the potential devastating consequences of any major interruption. The directive mandates transportation companies to assess and control cybersecurity threats from external suppliers and vendors, ensuring their systems meet security standards. Real-time data exchange channels must be secured through encryption, access controls, and monitoring. The NIS2 directive also requires safeguarding operational technology using firewalls, access controls, and intrusion detection systems.
General Data Protection Regulation (GDPR): We help our customers comply with GDPR, which safeguards the personal data of EU citizens. Our solutions ensure the privacy and security of customer information, implement data protection measures, and enable timely breach notifications when required.
ISO 27001: The international standard for information security management, plays a crucial role in helping logistics firms protect their data. The standard provides a comprehensive framework to create and maintain robust security controls, ensuring the confidentiality, integrity, and availability of sensitive data throughout the logistics process. ISO 27001 helps logistics firms develop security policies, conduct risk assessments, and implement security measures tailored to their specific needs, strengthening their defense against cyber threats, data breaches, and supply chain disruptions.
Cyber Essentials: The Cyber Essentials framework is vital for transport and logistics companies today. It is particularly important to those companies operating in the UK, deal with UK-based customers or those who tender for UK government work. Embracing it establishes a strong cybersecurity foundation, protecting critical assets and data. With clear guidelines and best practices, companies can implement essential security measures, enhance resilience against cyber threats, and build customer trust.
How CommSec can Help?
We recommend the following cybersecurity practices to strengthen the security posture of logistics and transport organisations:
- SOC/SIEM Solution: Logisitics and transport operations must have robust security operations centers (SOC) and security information and event management (SIEM) solutions in place. Our solutions help monitor and analyse network traffic, detect and respond to security incidents promptly, and provide comprehensive threat intelligence. Find out more
- Implement a Zero-Trust Architecture (ZTA): A Zero-Trust Architecture eliminates the assumption of trust within the network and requires verification for every access request. By implementing ZTA, financial institutions can minimize the risk of lateral movement and unauthorized access, protecting critical systems and data. Find out more
- Implement a Third-Party Risk Management Program: Establishing a comprehensive third-party risk management program helps identify and assess potential vulnerabilities and risks associated with these external entities. Our solutions facilitate the evaluation of third-party security controls, monitoring vendor performance, and ensuring compliance with security standards. Find out More
- Security Policy and Procedure Development: We help develop and refine security policies and procedures that align with industry best practices. These policies establish clear guidelines for employees, contractors, and stakeholders to follow, ensuring a consistent and secure approach to cybersecurity. View CISO and DPO services.
With years of experience working with organisations across the transport and logistics sector, our specialists better understand the security challenges your organisation faces and how to address them.
Contact us today to learn more about how we can help safeguard your institution against cyber threats and aid regulatory compliance.
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