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In this video, we discuss cybersecurity attacks as part of the supply chain attacks covered on the Information Systems and Controls (ISC) CPA exam. Start your free trial: https://farhatlectures.com/ This video by Farhat Lectures (0:00) discusses supply chain attacks, a type of cyber attack. Here's a quick breakdown: Supply Chain Attacks Explained (0:51): Instead of directly targeting a well-secured company, attackers target less secure elements in their supply chain, like suppliers. Types of Attacks: Embedded Software Code Attacks (2:10): Malicious code is inserted into software purchased by the company. Foreign Sourced Attacks (4:07): Products from foreign suppliers contain hidden surveillance tools. Pre-installed Malware on Hardware (5:31): Malware is pre-installed on devices like USB drives. Vendor/Supplier Attacks (6:59): Targeting key vendors or suppliers to disrupt production or gain access to networks. Watering Hole Attacks (7:48): Compromising popular websites or platforms to deliver malware. Importance of Secure Supply Chains (7:33): Companies need resilient and secure supply chains to mitigate risks. Example Question (9:08): The video provides an example multiple choice question related to embedded software code attacks, similar to what you might see on the CPA exam. Supply chain attacks represent a significant threat to the security and operation of organizations worldwide. These attacks exploit vulnerabilities within the complex networks that produce and distribute goods and services. By targeting different stages and components of the supply chain, attackers can cause widespread disruptions and gain unauthorized access to sensitive information. Below, we expand on the various types of supply chain attacks, explaining their mechanisms and potential impacts in greater detail. Embedded Software Code Attacks Explanation: This type of attack involves the deliberate insertion of malicious code into software or firmware by attackers. This malicious code is often hidden within legitimate software updates or installations. Once the compromised software is deployed and activated within an organization's IT environment, the malicious code can execute a variety of harmful actions, ranging from data exfiltration to complete system compromise. Impact: The primary danger of embedded software code attacks lies in their stealth and the level of access they can gain. Since the software is legitimately obtained and installed, these attacks can bypass traditional security measures. Organizations might remain unaware of the breach for a long period, leading to extensive data loss, financial damages, and erosion of customer trust. Foreign-Sourced Attacks Explanation: In these attacks, products, software, or components sourced from foreign suppliers contain hidden surveillance tools or malicious functionalities. Governments or entities with significant control over manufacturing processes can embed these malicious elements to conduct espionage or sabotage operations against other nations or foreign corporations. Impact: The impact of foreign-sourced attacks extends beyond individual companies, posing threats to national security and international relations. These attacks can lead to the compromise of sensitive governmental communications, intellectual property theft, and could potentially escalate into geopolitical tensions. Pre-Installed Malware on Hardware Explanation: Attackers target the hardware supply chain by pre-installing malware on devices such as USB drives, smartphones, or network equipment. These compromised devices, once connected to a computer or network, can execute the malware, leading to system compromise or data exfiltration. Impact: The insidious nature of pre-installed malware on hardware makes it particularly dangerous. It can bypass perimeter defenses since the infected devices are often considered trustworthy. This method can lead to widespread network infections, data breaches, and significant operational disruptions. Vendor Attacks Explanation: This strategy involves targeting key vendors or suppliers within a supply chain. By compromising these critical nodes, attackers can disrupt the production or distribution of goods, inflict financial damage, and potentially gain access to the networks of the targeted vendor's clients. Impact: Vendor attacks can have cascading effects throughout the supply chain, affecting multiple organizations simultaneously. Production halts, financial losses, and compromised security across linked organizations are common outcomes. Building resilient and secure supply chains becomes essential to mitigate these risks. #cpaexaminindia #cpareviewcourse #cpaexam