Cybersecurity threats are a growing concern worldwide, including in the logistics sector. Consider these statistics:
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Cloud environment intrusions increased by 75% over the past year.
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2022 saw over 5 billion malware attacks worldwide.
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The US experiences the majority of global malware attacks.
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Ransomware was behind 72% of cyber attacks in 2023.
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Over 70% of businesses globally faced ransomware attacks as of 2023.
Phishing and business email compromise were also high on the list of security risks and cyberattacks committed during the last few years.
Therefore, it’s essential that businesses protect themselves from these threats. Here’s a review of the dangers, risk mitigation strategies, and how SEKO Logistics is protecting its clients worldwide.
How To Mitigate Cybersecurity Risk?
To start, there are key ways to mitigate risk in cybersecurity in general that businesses can use. These include:
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Implementing firewalls to secure computer systems and data
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Regularly conducting meticulous system updates
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Using encryption for secure communication and data transfer
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Training employees on security protocols and common risk factors
SEKO Logistics uses all of these tactics, as well as advanced cybersecurity solutions, to protect logistics networks from potential threats. Let’s go into a little more detail about these strategies in the sections below.
Threat Mitigation Strategies Required For Network Security
The methods above are the most basic steps companies can take. But today, managing cyber risk requires more complexity to keep up with the ever-increasing threats that have unfortunately accompanied information technology growth. It’s not just hardware or software that’s required either; cyber attack mitigation calls for knowledge and processes as well.
Cyber risk mitigation on a higher level includes using:
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Multi-factor authentication - to prevent outside actors from gaining entry
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Intrusion detection systems - to identify intrusions and take immediate action
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Regular system audits - to ensure cyber risk mitigation is current and effective
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Network segmentation - to contain breaches without affecting the entire company
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Patch management - to address vulnerabilities and update software and drivers
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Job-specific employee training - to raise awareness of unique risks and potential attack surfaces
Approaches To Mitigate Logistics Risk
Within the logistics industry, there are other risks related to shipping and transportation. Examples of managing cybersecurity risk are:
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Diversifying suppliers instead of relying on one or two
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Running tabletop scenarios and creating contingency plans
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Implementing real-time data monitoring and tracking
SEKO Logistics takes the last point to the next level with MySEKO. It gives customers a user-friendly dashboard where they can continuously monitor orders, oversee global inventory, and get real-time tracking information on shipments.
What Are The Risks of Cybersecurity in Supply Chains?
In logistics, risk mitigation in cybersecurity also extends to supply chains. Some of the most common risks include:
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Data breaches
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Ransomware attacks
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Disruptions to operational systems
SEKO’s commitment to information security — including corporate and personal information — and analyzing risks and mitigation of malware threats helps protect clients from these issues. We use these techniques of cybersecurity to safeguard supply chains and downstream logistics:
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Real-time tracking (as discussed in sections above)
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Automated notifications to stay on top of potential issues
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Regular updates and data backups to reduce the risk of data loss
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Team training in threats and responses for immediate action
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Disaster simulations and recovery plans in case of attack
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Proprietary technology, which minimizes outside actors and vendor vulnerabilities
Methods for Mitigating Supply Chain Cyber Risk
Additionally, SEKO uses these tactics to reduce cyber risks in the supply chain, and we encourage our clients to do the same:
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Securing all data transmission
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Applying multi-factor authentication
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Encrypting sensitive information
What Are Cybersecurity Threats and Mitigation Measures?
SEKO specifically plans for the most common threats, such as:
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Malware: Software created to gain unauthorized access to computer systems.
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Phishing: Using normal communications in a deceptive manner to obtain passwords or sensitive data.
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DDoS Attacks: Overwhelming and disrupting web traffic to a target.
We use a three-pronged approach to fight these hazards:
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Use of firewalls to protect computer systems.
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Implementation of encryption and multi-layered security for safeguarding information transmissions.
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Conducting regular audits to assess and enhance system security.
Ensuring Cybersecurity Across Logistics Networks
There’s one more step SEKO takes to ensure logistics networks are protected from cyber threats, in addition to those above. Our real-time threat monitoring can identify risks, allowing us and our clients to respond before a threat turns into a disaster.
Steps Taken To Prevent Cyberattacks On Logistics Networks
Preventing cyberattacks in the logistics industry involves many layers and constant vigilance. And it requires being proactive rather than waiting for catastrophes to happen.
SEKO Logistics prides itself on this proactive approach and its development of real-time monitoring systems. In addition to firewalls, intrusion detection systems, and regular audits, we also stress the importance of hiring and training employees in risk mitigation. We believe cybersecurity necessitates having both the right technology at our fingertips and the right people in place to use it wisely.
When you’re looking for logistics solutions, you have many choices, but few give you the peace of mind you want regarding cybersecurity and cyber risk mitigation. To learn more about how SEKO Logistics can get your products around the world efficiently, with reduced security risks, we invite you to start a conversation with our team today.
