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Corporate computer attacks are on the rise as hackers increasingly target the C-level executives who have easy access to sensitive information, according to a recent report from technology provider Verizon. The trend poses an escalating risk for supply chains as companies increasingly digitalize their operations, placing vast amounts of customers’ personal and financial data in computer databases.

C-level executives are now the major focus of social engineering attacks, where hackers pretend to befriend their targets through fraudulent business e-mails, winning their trust to convince victims to click on links or reveal passwords, according to the Verizon 2019 Data Breach Investigations Report.

Also known as “pretexting,” these attacks can reap large dividends because of senior executives’ often unchallenged approval authority and privileged access into critical systems, Verizon said. Statistically, senior executives are now

12 times more likely to be the target of social incidents—and
nine times more likely to be the target of social breaches—
than in previous years, the report found. Now in its 12th
edition, the Verizon
report analyzed 41,686
security incidents and

2,013 confirmed breaches from 86 countries.

Cyberattacks have received growing attention in recent years, following incidents like the 2013 hack that resulted in the theft of shoppers’ credit card data from retailer Target Corp. and the 2017 “Petya” malware attack that hobbled container line Maersk A/S.

“As businesses embrace new digital ways of working, many are unaware of the new security risks to which they may be exposed,” Bryan Sartin, executive director of security professional services at Verizon, said in a release. “They really need access to cyber detection tools to gain access to a daily view of their security posture, supported with statistics on the latest cyber threats. Security needs to be seen as a flexible and smart strategic asset that constantly delivers to the businesses and impacts the bottom line.”

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