X-Industry

The financial sector remains a prime target for cyber-attacks, with attackers constantly seeking to exploit vulnerabilities across the industry's global supply chain.   Cyber risk intelligence firm Bitsight has conducted a comprehensive analysis, mapping 41,511 financial organizations and 50,232 relationships with third-party technology providers.  The aim is to shed light on the hidden pillars of the financial sector and enhance resilience against cyber threats.[1]

For help with Supply Chains: 

A suspected cyber-attack targeting a third-party software supplier has caused major flight cancellations and delays at several European airports over the weekend.  London’s Heathrow Airport and terminals in Brussels, Berlin, and Dublin are among those that continue to be impacted by the incident.  A US aerospace and defense leader, RTX, told the BBC that its Muse software was targeted by threat actors.  The software helps airlines to digitally check in passengers, validate boarding passes, and t

Vendor-related risks, from both tech providers and non-tech partners, have always been a concern, but they’re now becoming increasingly apparent in a growing number of cyber insurance claims.  While data breaches were once the main concern, we are now seeing more severe first-party losses caused by ransomware attacks and major system outages.  These issues are not always the result of a cyberattack, either.  Sometimes they come from non-malicious errors, like critical system failures or software