Powering Performance

According to the latest statistics, the average cost of a cybersecurity incident is now approaching $200,000 – and yet, only 31% of small companies have cyber insurance, and 70% said that they have no intention of purchasing a policy.

Hear from industry experts on environmental, sustainability, conflict minerals and human rights topics at this year’s virtual Corporate Responsibility Summit, April 28-29.

With the recent passage of “phase one” of a trade agreement between the United States and China and the ratification of the United States-Mexico-Canada Agreement (USMCA), 2020 was supposed to be a transitional year for the global auto industry. Analysts had expectations that sales in the sector had bottomed out and that growth in China would support the world market, reversing recent negative sales trends and getting back to a trajectory of growth. But the worldwide spread of the coronavirus disease has become one of the greatest tests to the complex global supply chains created by auto manufacturers over the past 30 years and could lead to another downturn in global sales.

Creative problem solving is usually a good a thing, but when it comes to customs compliance, overlooking even one little detail can turn those great new solutions into great big problems.

At least one insurance company will cover the costs from a cyberattack against one of its clients.

A recent CEO survey by Gartner¹ cited “lack of appropriate talent and capability” as the top most inhibitor to a company’s digital progress. Supply chain organizations are no exception. The gap between the skills needed to compete in an increasingly digital world and those available in the organization is widening. Rise in robotics, algorithmic intelligence, and cloud computing is making an entire generation of supply chain professionals increasingly obsolete. These technologies are hollowing out the middle of the jobs’ spectrum, pushing the humans to the edges requiring extreme physical or cognitive dexterity.

Ready to check your cybersecurity knowledge? Our newest online offering – the AIAG Basic Cyber Knowledge Self-Assessment – is now available for FREE at the AIAG Store! 

With a global membership base and customers across the map, AIAG recognizes the importance of virtual offerings to best support our entire supply chain. From critical content to timely topics, our web-based resources provide the information you need to keep your skills sharp, and the flexibility to access that information on your own schedule.

Registration is open for the VIRTUAL 2020 Corporate Responsibility Summit on April 28–29, and you won’t want to miss it!

Cyber criminals have threatened to raid the bank accounts of customers and employees of German automotive group Gedia, following a major cyber attack on the company’s headquarters last week. [Editor's note: Original posting date of this article was January 24, 2020.]