Cyber threats to IT supply chains and geopolitical targets escalate further
Source: Asia Insurance Review | Apr 2023
Nation-state cyber threat actors are expected to acquire and flex new offensive cyber capabilities in an increasingly polarised world according to a new report by cyber risk analytics company CyberCube.
The company said it anticipates there will be further attempts to compromise IT supply chains and geopolitical targets such as government agencies and non-government organisations.
The report, ‘CyberCube’s Global Threat Briefing: Update on cyber threat actor activity and expectations’ said Chinese threat actors are expected to engage in zero-day exploitation and disclosure and a heightened level of nation-state targeting of critical infrastructure targets worldwide is anticipated.
The research identifies areas that the (re)insurance and broking community need to focus on. It says utilising CyberCube’s exposure databases (re)insurers and brokers should be able to perform a wide array of benchmarking, sensitivity, and real-time analyses for cyber risks.
It says healthcare, arts and entertainment, and manufacturing sectors are demonstrating high exposure and low security scores. In particular, healthcare remains under-secured relative to its inherent exposure and more attacks are expected in 2023. A