Essential information for end of life vehicle dismantling, depollution and recycling

SYNETIQ
Email
Print

Top 5 Cyber Risks

Companies must remain vigilant to safeguard their digital assets and sensitive information in the ever-evolving technology landscape. As specialists in insurance for vehicle and metal recyclers, Howden Insurance understands the importance of protecting businesses from all angles, including cybersecurity. In this article, Howden has compiled a list of five cybersecurity risks organisations should be aware of.
 
Top 5 Cyber Risks p
Image credit: Envato Elements
Ransomware Attacks

Ransomware continues to be a major threat to businesses of all sizes. We are expecting to see attackers employ even more sophisticated tactics, making it crucial for companies to regularly update and patch their systems. Phishing is known to be one of the leading attack vectors that can lead to ransomware attacks, and with the continued development of AI comes the increasing sophistication of phishing attacks. Therefore, employee education on recognising phishing attempts and suspicious links is paramount in preventing these malicious attacks.

Supply Chain Vulnerabilities

The increasing reliance on interconnected supply chains can bring about new avenues for cyber threats. Organisations should increase the scrutiny when reviewing and assessing the cybersecurity measures of their partners and suppliers,; this is to ensure that everyone in the supply chain maintains robust security protocols, as a breach in one link can have cascading effects throughout the entire chain.

Cloud Security Challenges

The widespread adoption of cloud services brings about new cybersecurity challenges. Prioritising the security of data stored in the cloud and, as mentioned above, regarding interconnected supply chains, ensuring that cloud service providers have robust security measures in place. This can include implementing multi-factor authentication, encrypting sensitive data, and regularly auditing access permissions.

AI

With the application of AI becoming more widespread, so do the associated risks. As well as the protections it can afford, there is no doubt that threat actors can look to benefit from AI. The ability to create advanced malware, the threat of impersonation in phishing attacks, and the ability to evade security systems should be a high priority as AI continues to develop and finds itself more embedded in day-to-day operations.

IoT (Internet of Things) Vulnerabilities

As more devices become interconnected, the attack surface for cyber threats expands. Companies should carefully assess and secure IoT devices, ensuring they are not weak links that could be exploited. Regular updates and patches for IoT devices are essential to mitigate potential vulnerabilities.

Below is a highlight of one risk that is often overlooked but you should always remain vigilant of:

Insider Threats

This might be surprising, but while external threats often take the spotlight, insider threats remain a significant concern. Malicious or negligent actions by employees can compromise sensitive data, and companies should implement robust access controls, conduct regular employee training on cybersecurity best practices, and monitor user activities to detect and prevent insider threats.

In conclusion, the digital landscape presents both opportunities and challenges for businesses. By staying informed about these top cybersecurity risks and proactively implementing measures to address them, companies can better protect their valuable assets, ensuring a resilient digital future.

For a Cyber quote, please contact: Steve Walker – 01384 398326 – steve.walker@howdeninsurance.co.uk

OHRA

More News

OHRA

ATF Professional is produced by ARW- Group LTD, which is registered in England and Wales with Company Number 14914439

The views and opinions expressed on ATF Professional are solely those of the original authors and other contributors. These views and opinions do not necessarily represent those of the editor, publisher or staff of ATF Professional.

Contact

01432 355099

© All rights reserved

Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.

e2e awards logo

e2e Total Loss Vehicle Management [e2e] is the UK’s only salvage and automotive recycling network with nationwide, environmentally compliant sites delivering performance resilience and service reliability to the insurance and fleet markets.  The network’s online salvage auction www.salvagemarket.co.uk drives strong salvage resale values and faster sales.  e2e’s salvage clients have access to the network’s stocks of over 5 million quality graded, warranty assured reclaimed parts. 

The power of the network model means e2e has the ability to influence industry standards and is committed to continually raising the bar whilst redefining the role and perceived value of the salvage operator.  Network members adhere to robust service level agreements, against which they are audited, in order to ensure performance consistency and a market leading customer experience.  

The salvage and recycling operating environment is evolving rapidly, and e2e is anticipating, listening and responding to changing market needs.  Regulatory compliance, ESG, reclaimed parts, customer experience, EVs, new vehicle technologies, data and reputation risk are just some of many considerations linked to the procurement of salvage services.  e2e will drive further added value to clients and members through the adoption and application of emerging technologies, continuing to differentiate its proposition and position salvage services as a professional partnership. 

New Client Special Offer

20% Off

Aenean leo ligulaconsequat vitae, eleifend acer neque sed ipsum. Nam quam nunc, blandit vel, tempus.