In the 21st century, transportation and logistics companies have faced a lot of ransomware attacks. Famous companies like Maersk, FedEx, and Deutsche Bahn are among victims of ransomware.
These world-famous companies always need to place strong cybersecurity and IT system to deal with unwelcoming cyber threats. These companies have a wide range of technological systems that are very crucial to their businesses.
Ransomware Attacks on Transportation and Logistics Companies
As you all know, ransomware targets computers, servers, desktops, laptops, smartphones, and tablets for gaining access to crucial mechanisms. It spreads rapidly in the organization’s network from one device to another device, thus, halts the core system processes.
Once the system gets infected, the virus encrypts all data files and displays a ransom note to the user. The extortion message often marks an online payment of billions of dollars for the data to be encrypted. Generally, ransomware attackers demand money in digital currencies or anything else that is untraceable.
Therefore, if a firm fails to pay the ransom on time, the attackers demand more money as a fine of delay. If a victim denies paying ransom then the attackers delete the decryption key and make data inaccessible for the victim.
The main reason behind attacking the Transportation and Logistics companies is that they’re easy to target as almost all processes are maintained online. The companies will be willing to pay ransomware if the attackers disrupt their supply chain to hundreds or thousands of other businesses.
The transport and logistics companies have many weak points such as smaller forwarders, suppliers, producers, and retailers. If any of these have ignored security measures then cyber attackers will take no time to penetrate the entire network and get what they always want.