Cream cheese, ransomware, and supply chain

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.

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.

Many insurance brokers that sell cyber attack insurance policies also include free online training to reduce the risk of becoming a victim.

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