If you’re in the food and beverage industry, your company undoubtedly suffered through some tough times during the pandemic. Whether it was supply chain issues, stay and shelter orders, or lack of workers, companies working in food and beverage were among the hardest hit. Thankfully, they are also among the most resilient – creatively pivoting was necessary to keep revenue streams alive.
While no industry is immune to phishing attacks, those in the food and beverage industry are especially vulnerable to the types of cyberthreats that can cause disruptions in their supply chains. Why? One reason is that with food and beverage supply chains come expiration dates. From the farm to the freezer, the clock is ticking and cybercriminals know it. This makes you especially vulnerable to phishing emails that soon escalate into a ransomware attack. Here are just a few examples:
Harvest Sherwood Food Distributors paid $7.5 dollars during a ransomware attack in which the company’s data files were held for ransom.1
Mondelez International, a global snack food company lost nearly $100 million in ransom and expenses when cybercriminals froze computers, shut down email, halted deliveries and stopped the company’s invoicing process.2
JBS, the world’s largest meat processing company, paid $11 million in Bitcoin cryptocurrency to restore all company operations after Russian cybercriminals attacked their networks.3
Ransomware isn’t the only type of phish the industry experiences. Data breaches frequently occur and can be devastating. One popular Mexican food chain experienced a data breach in 2017 that potentially put every credit or bank card customer at risk.4
There are also a number of reasons that the food and beverage industry has been known to be targeted by phishers. Companies with franchises or chains are attractive to hackers because once one location has been infiltrated it is easy to duplicate the crime it in multiple places. The industry is also known to be naive when it comes to phishing attacks. As a result, they often don’t have the systems in place to protect themselves from business email compromise, zero-day attacks, CEO fraud, and other types of phishing attacks.
How does the food and beverage industry stay ahead of the growing threats that have the potential to destroy companies? Simple - they have to 86 the phish.
The best way to stop phishing attacks is to prevent them from even happening. The best way to do that is with a cloud-based email security solution that can detect and stop all types of attacks.
INKY is the industry’s best solution for the security of your email. Cost-effective and powerful, INKY can be implemented quickly, regardless of your operating platform. In fact, INKY’s installation team has most customers up and running in under an hour – even with remote employees. INKY is uniquely effective at catching phishing attacks because it uses computer vision, artificial intelligence (AI), and machine learning, to search for signs of fraud. INKY also works on any device- including mobile - and places highly visible warning banners directly in each email.
Don’t become the next sad phishing statistic in the food and beverage industry. Learn more about what INKY can do for your company and schedule a free demonstration today.
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INKY® is the most effective hero in the war against phishing. An award-winning cloud-based email security solution, INKY® prevents the most complex phishing threats from disrupting or even immobilizing your company’s day-to-day business operations. Using computer vision, artificial intelligence, and machine learning, INKY® is the smartest investment you can make in the security of your organization. INKY® is a proud winner of the NYCx Cybersecurity Moonshot Challenge and a finalist in the 2020 RSAC Innovation Sandbox Competition. Learn more about INKY® or request an online demonstration today.
1Source: https://www.foodstheword.com/post/cyber-security-and-food-industry
2Source: https://www.nytimes.com/2019/04/15/technology/cyberinsurance-notpetya-attack.html
3Source: https://www.cbsnews.com/news/jbs-ransom-11-million/
4Source: https://www.lifelock.com/learn-data-breaches-chipotle-data-breach-what-you-need-to-know.html