SCAM OF THE WEEK: Expect a Surplus of Supply Chain Scams

Throughout April, Shanghai and other major cities in China have been on lockdown due to recent COVID-19 outbreaks. Along with the ongoing war in Ukraine, these lockdowns have drastically impacted supply chains for industries around the world.We expect to see another wave of supply chain-related phishing and social engineering attacks. Cybercriminals could use this news to spoof shipping delay notifications, create fake advertisements for hard-to-find products, or write misleading articles about well-known organizations that could be impacted by the shortages.Use the tips below to help you spot supply chain scams:

• Never click on a link or download an attachment in an email that you were not expecting.
• Watch out for sensational or shocking headlines about the world’s supply chains. These headlines could lead to articles that contain disinformation, or false information that is intentionally designed to mislead you.
• If you are expecting a shipment and receive a related email, confirm that the email is legitimate before clicking any links in the email. Look for details such as the order number, the purchase date, and the payment method used for the purchase.

For more information about IT and cybersecurity services for small and medium businesses or to schedule a free initial consultation with no obligation for your business, contact ORAM Corporate Advisors now at (617) 933-5060.