Cyber attacks have been on the rise since 2020, occurring with increasing frequency and having a more detrimental impact to the companies affected. Cyber risk regularly tops C-level risk rankings as a high priority and short term concern.
Almost 20% of all data breaches are associated with third-parties in a company’s supply chain. We can see how this plays out by looking at the case of Expeditors International and how a 2022 cyber attack not only impacted them as a company, but it also led to a lawsuit brought by a customer: iRobot.
In this week’s episode of Dial P for Procurement, host Kelly Barner covers:
- What happened to Expeditors International of Washington just over a year ago
- How the cyber attack impacted iRobot’s business
- The options available to companies, like cyber risk insurance and internal safeguards, and how industries may respond when a cyber attack takes down one of their own