We don't often connect the price of our daily essentials with the world of cybercrime - but recently we have all had to a little more. What might seem a distant concept is hitting home as a series of cyber attacks on critical parts of retail supply chain is having a very real consequence for your weekly shop. So, how can a cyber attack affect the price of a litre of milk, and why you might find yourself heading to a different supermarket?

The Ripple Effect

Imagine a large supermarket chain falls victim to a sophisticated cyber attack. The hackers target the retailer's supply chain management system, disrupting their ability to order and distribute products. Suddenly, lorries can't deliver goods to stores, warehouses are in chaos, and shelves start to empty.

In the ever-evolving landscape of cybersecurity, vulnerability management stands as a critical pillar of effective risk mitigation and business continuity. While traditional vulnerability assessments and patch management strategies have been the cornerstone of vulnerability management practices for a very long time, Threat intelligence provides an extra layer to vulnerability management, empowering businesses and organisations to make informed decisions and prioritize remediation efforts effectively and in a timely manner.

In today's interconnected world, cyber security is a crucial aspect that all businesses, regardless of their size, must prioritise.

While larger companies often have robust security measures in place, it is the smaller ones that are more vulnerable to cyber attacks.

Cyber criminals are becoming more sophisticated, targeting businesses of all sizes and industries. The consequences of a successful cyber attack can be devastating for SMEs, leading to financial loss, reputational damage, and even the closure of the business.

IFB’s Threat Intelligence Platform was launched last year as a new cyber security service in response to businesses having to operate from home due to the Covid-19 pandemic. It is designed to help them identify security risks before attackers do and as businesses look to define the future of work, its still just as vital now for them to have sight of any vulnerabilities on their network.

In the first of a series of new webinars, join IFB to discover how your business and its employees can work seamlessly between workplace and home without critical business data being compromised, as well as top tips and key considerations you can apply to your hybrid working model.

Following several high-profile third-party software security breaches, in our latest blog, IFB’s Kehinde Obafemi discusses how third-party tools your business relies on every day can add another security threat to your organisation using a case study of a recent breach, along with ways you can mitigate them.