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IBM REPORT: MANUFACTURING FELT BRUNT OF CYBERATTACKS IN 2021 AS SUPPLY CHAIN WOES GREW
Source: IBM news release

CAMBRIDGE, Mass.- IBM (NYSE: IBM) Security today released its annual X-Force Threat Intelligence Index unveiling how ransomware and vulnerability exploitations together were able to "imprison" businesses in 2021 further burdening global supply chains, with manufacturing emerging as the most targeted industry.

While phishing was the most common cause of cyberattacks in general in the past year, IBM Security X-Force observed a 33% increase in attacks caused by vulnerability exploitation of unpatched software, a point of entry that ransomware actors relied on more than any other to carry out their attacks in 2021, representing the cause of 44% of ransomware attacks.

Ransomware was the top attack type for the third year in a row, comprising 21% of all attacks IBM Security X-Force observed globally.

The 2022 report details how in 2021 ransomware actors attempted to "fracture" the backbone of global supply chains with attacks on manufacturing, which became 2021's most attacked industry (23%), dethroning financial services and insurance after a long reign. Experiencing more ransomware attacks than any other industry, attackers wagered on the ripple effect that disruption on manufacturing organizations would cause their downstream supply chains to pressure them into paying the ransom.

An alarming 47% of attacks on manufacturing were caused due to vulnerabilities that victim organizations had not yet or could not patch, highlighting the need for organizations to prioritize vulnerability management.

The 2022 IBM Security X-Force Threat Intelligence Index maps new trends and attack patterns IBM Security observed and analyzed from its data - drawing from billions of datapoints ranging from network and endpoint detection devices, incident response engagements, phishing kit tracking and more - including data provided by Intezer.

To read the entire report click here.


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