Bloomberg writes this week about the hidden cause of the cream cheese shortage: their supply chain was disrupted by a ransomware attack.
Schreiber Foods in Wisconsin, a top maker of cream cheese, closed for days in October after hackers compromised plants and distribution centers. The company is big enough that the lost production shook U.S. markets.https://www.bloomberg.com/news/newsletters/2021-12-10/supply-chain-latest-cream-cheese-is-the-latest-casualty-of-cyberattacks?cmpid=BBD121021_TRADE&utm_medium=email&utm_source=newsletter&utm_term=211210&utm_campaign=trade
How are companies addressing the growing threat of cyber attacks? The Economist writes in their issue about The World Ahead 2022:
More than a third of senior executives surveyed in March 2021 by Munich Re, a reinsurer, are considering taking out a cyber-insurance policy, which pays out for ransomware-related losses.
Curbing cyber-crime ultimately requires getting the basics right: educating employees to be wary of suspicious emails; keeping software up to date; and backing up data.https://www.economist.com/the-world-ahead/2021/11/08/the-digital-pandemic-of-ransomware-attacks-will-continue
Many insurance brokers that sell cyber attack insurance policies also include free online training to reduce the risk of becoming a victim.