Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Take Down: Hackers Looking to Shut Down Factories for Pay

Posted August 09, 2017

Under Economic Issues, Logistics & Supply Chain Issues


(Emery P. Dalesio – Associated Press)

The malware entered the North Carolina transmission plant’s computer network via email last August, just as the criminals wanted, spreading like a virus and threatening to lock up the production line until the company paid a ransom.

AW North Carolina stood to lose $270,000 in revenue, plus wages for idled employees, for every hour the factory wasn’t shipping its crucial auto parts to nine Toyota car and truck plants across North America, said John Peterson, the plant’s information technology manager.

The company is just one of a growing number being hit by cyber-criminals looking for a payday.

While online thieves have long targeted banks for digital holdups, today’s just-in-time manufacturing sector is climbing toward the top of hackers’ hit lists. Click here to read more.

Related: Appreciating Supply Chain Cyber Risk (TT Club)