Automotive industry vulnerability to email cyber attacks analyzed and exposed

TLDR:

• The automotive industry is currently being targeted by cybercriminals with business email compromise (BEC) and vendor email compromise (VEC) attacks.
• These attacks pose a significant threat to organizations in the automotive sector, as demonstrated by the $37 million loss suffered by auto parts supplier Toyota Boshoku.

Article Summary:

Every organization is at risk of advanced email attacks, with certain industries periodically becoming preferred targets for threat actors. In a video by Mick Leach, Field CISO at Abnormal Security, the focus is on why the automotive industry has become a prime target for business email compromise and vendor email compromise attacks.

The automotive sector is facing a growing number of cyber attacks, particularly in the form of BEC and VEC attacks. These attacks can have severe consequences on an organization’s financial stability and reputation, as evidenced by the $37 million loss suffered by Toyota Boshoku due to an email scam.

With cybercriminals increasingly targeting the automotive industry, it is crucial for organizations in this sector to enhance their cybersecurity measures and employee awareness to mitigate the risks posed by email-based attacks.