Supply chain cyber attacks expected to increase in 2022

Published: Tuesday, 02 November 2021 08:20

Check Point Software has released its cyber security predictions for 2022, detailing the key challenges that it expects organizations will face over the next year.

The company believes that supply chain attacks will become more common and governments will begin to establish regulations to address these attacks and protect networks. They will also look into collaborating with the private sectors as well as other countries to identify and target more threat groups operating on a global and regional scale. 

Supply chain attackers take advantage of a lack of monitoring within an organization’s environment. They can be used to perform any type of cyber attack, such as data breaches and malware infections. The well-known SolarWinds supply chain attack stands out in 2021 due to its scale and influence, but other sophisticated supply chain attacks have occurred such as Codecov in April, and most recently, Kaseya.  Kaseya provides software for Managed Service Providers (MSPs) and the REvil ransomware gang exploited the company to infect over 1,000 customers with ransomware. The group demanded a ransom of $70 million to provide decryption keys for all affected customers.

Going into 2022 we will see an increase in data breaches that will be larger scale. These breaches will also have the potential to cost organizations and governments more to recover. In May 2021, US insurance giant paid $40 million in ransom to hackers. This was a record, and we can expect ransom demanded by attackers to increase in 2022.

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