How the Incorporation of Network Security & Transparency in the Supply Chain Overcame the Loss of a US-Based Aerospace Company?

This aerospace company in spite of being one of the largest industries for defense and aerospace failed in managing cyber-attacks and supply chain issues. The company had a strong presence in domestic and international markets but due these issues damaged its trust and reputation among the customers. The company authorities turned to Research Nester seeking its services for developing strategies and a stringent framework for the implementation of network security and dealing with supply chain issues.

An overview:

The company was in the business of manufacturing advanced aero crafts, advanced weapons for the military, and other network facilities.

However, the reliability and trust of the company were questioned in June 2021, as it experienced a significant data breach. An unauthorized third party attempted to sell a large amount of military functioning data on the dark web. Apart from this, the company faced supply chain issues in the year 2020, due to the prevalence of the COVID-19 pandemic.

The company’s huge network of databases along with an outdated software system that lacked the latest security updates made it an easy target for cybercriminals and hackers. Correspondingly, the pandemic led to shortages and supply chain failures.

Although the company tried to manage all the issues to the best of its ability, there were serious repercussions that dented its market position.

To prevent any similar future mishap, the company authorities turned to Research Nester to devise a network security strategy and safeguard its databases against security threats and protect sensitive information. Thus, redeeming their trust and reliability.

The Story

The Company, a reputed aerospace and defense with a strong market position unexpectedly detected the presence of extraneous copies of data on the evening of the 21st of June 2021. To the extreme horror of the company authorities, third-party sources had gained unauthorized access to military functioning data. The breach occurred in January 2021, when attackers exfiltrated a substantial volume of data such as names, addresses, social security numbers, and location of the military equipment. The incident that compromised the privacy and confidentiality of thousands of weapons and fighter aircraft, came to light. To make matters worse, the data theft triggered legal and regulatory repercussions for the company. Apart from this, the company faced supply chain issues during the pandemic. To avoid any future instances, the company sought the services of Research Nester analysts to help it incorporate a near-fool-proof strategy for its network security and supply chain issues.

The Solution:

The major challenge was to understand the company’s issue. With deliberate and exhaustive analysis, it was noted that the digital infrastructure of the company was weak. There were several points of loops that eventually led to the data theft of sensitive information. The digital software lacked updates and had vulnerabilities. Research Nester offered a customized research solution, which included an in-depth understanding of data center infrastructure management encompassing all the necessary guidelines to safeguard digital information. It provided a detailed analysis related to advanced technological solutions for boosting network and cyber security in companies. In addition, RNPL consultants also devised a framework of network security measures to facilitate strong and updated software systems.

Research Nester consultants suggested revamping the company’s security infrastructure practices in the following ways-

Investing in robust encryption measures to protect sensitive information.
Implementing multi-factor authentication.
Conducting regular security audits.
Employing intrusion detection and prevention systems to detect and mitigate future threats.
Collaborating closely with regulatory bodies to ensure compliance with data protection laws and also to update their privacy policy measures.
Cumulative transparency throughout the supply chain.
Spotting the problems before the marketing of the products.

In addition, RNPL analysts also suggested the company could engage in partnerships with or employ renowned cybersecurity firms to conduct independent cybersecurity audits.

Results

The aerospace and defense platform had a strong market position as of Jan 2019. The profits in the same year were valued at ~USD 34 billion. Apart from the financial drain, the company had also damaged its reputation and reliability. At this point, Research Nester was asked to use its experience and expertise in the field to bring the company back on track. By incorporating the strategizes as advised by Research Nester consultants, there was a gradual improvement in customer acquisition. Since the company showed ingenuity in its efforts to prioritize its data management and network security, its clients became ready to give it a second chance. By the end of 2022, the company’s profits had reached ~USD 37 billion.

How the Incorporation of Network Security & Transparency in the Supply Chain Overcame the Loss of a US-Based Aerospace Company?

An overview:

The Story

The Solution:

Results

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