Saturday, January 29, 2022

EU will launch supply chain attack simulation

The European Union (EU) is planning a major supply chain cyber-attack simulation, it has been reported.

According to bloombergThe exercise will take place in the coming days and will continue for six weeks. The exercise is designed to test the preparedness of member states for an attack affecting the continent’s distribution network.

Citing internal documents and sources “familiar with the matter,” bloomberg Said the counterfeit attack would primarily target supply chains across Europe. The coordinated attack would be based on the likelihood of past supply chain hacks or the future being as realistic as possible.

Participants in the ‘stress test’ will coordinate diplomatic and public responses to attacks and deal with the spread of socio-economic impacts to other Member States.

The drill is believed to have been proposed by France, which took over the presidency of the Council of the European Union on 1 January 2022. Following the exercise, the EU aims to develop a framework for a joint response to a major incident, which is currently in place. There is a shortage.

Recent events such as SolarWinds and Kasia have demonstrated the widespread damage that supply chain cyber attacks can cause, which appears to be a growing target for threat actors.

Todd Carroll, CISO at CybelAngel, commented: “Supply chain attacks are a continuing trend and will only increase in severity. This is largely attributable to the fact that, in a state or organization, there is a need for the supply chain and digital ecosystem.” As they expand, their attack surface grows exponentially along with it. In a few months from now, attacks like SolarWinds may look smaller by comparison.

“Ransomware can no longer be called a hypothetical, systemic risk. It is now a systemic issue that will only increase. This is another clear example of how cybersecurity affects physical security and the daily lives of all of us at large.

“Unfortunately, we expect more supply chain attacks. As companies delegating a large proportion of their services to single points of failure – think AWS or Google – this is becoming a problem, and as such, companies become the target of choice.

“This stress test is a welcome action plan and highlights the growing need for early threat detection and ransomware preparedness. Member states and businesses need to get ahead of threats quickly before attackers can be beaten.”

In December last year, Israel led a simulation of a similar 10-country attack targeting the global financial system.

Nation World News Desk
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