"'Transport & storage businesses could be guilty of complacency over the potential impact of a cyber attack on them or one of their key partner companies. Only 3.9% of firms in this sector expressed concern about the impact of potential hacks when responding to the latest ONS Business Insights Survey. Compare that to 15.1% of manufacturers and 11.7% of retailers who expressed concern over the potential impact of a cyber attack on their supply chains over the next 12 months."
"'It's not only the impact of a potential attack on their own systems that transport & storage firms should consider, although this is obviously very significant. The question asked by the ONS was is your business concerned about cyber attacks "impacting supply chains over the next 12 months?" The impact of a key partner being hacked could also be extremely destabilising for transport & storage firms."
"'As just one example, the survey was held between 15-28 September, just when the full impact of a hack on Jaguar Land Rover (JLR) was headline news. JLR was hit by a cyber-attack on 31 August. The hack meant JLR produced no cars at all during September, and it is thought to have cost the company around £50m a week."
ONS Business Insights Survey data show only 3.9% of transportation and storage companies are concerned about cyber attacks affecting supply chains over the next 12 months. Manufacturers and retailers reported much higher concern levels at 15.1% and 11.7% respectively. Parcelhero warns that transport and storage firms may be complacent and that attacks on key partners can be destabilising. The ONS survey ran from 15–28 September and explicitly asked whether businesses were concerned about cyber attacks 'impacting supply chains over the next 12 months.' The Jaguar Land Rover hack on 31 August halted vehicle production during September, reportedly costing about £50m per week, and prompted a government £1.5bn loan guarantee to support suppliers.
Read at London Business News | Londonlovesbusiness.com
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