Wake Up to Money Summit in the air
May 19, 2025
Wilfred Emanuel-Jones, the founder of The Black Farmer, shares insights on the challenges faced by food suppliers after M&S's cyber attack, emphasizing the need for better cybersecurity measures. Jäger Glucina, MD of Luminance, discusses the impact of Brexit on the legal tech industry and the complexities surrounding UK-EU trade relations. Together, they highlight the vulnerabilities in the food supply chain and the economic implications for small businesses, as well as the growing urgency for effective government policies to support various sectors.
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Small Supplier Halted by Cyber Attack
- Wilfred Emanuel-Jones had to stop production for three weeks when the Co-op halted supplies due to the cyber attack.
- The disruption severely impacted his small business, highlighting the ripple effect of such attacks on suppliers.
Distributor Hack Threatens Fresh Products
- Wilfred Emanuel-Jones is losing fresh meat products at a distributor's warehouse due to a cyber attack stopping distribution.
- The perishable goods risk spoilage as the distributor cannot move the stock to retailers amid ongoing hacking issues.
Leverage AI for Threat Detection
- Use AI tools like anomaly detection systems to identify threats faster than humans can.
- Implement continuous monitoring of systems to detect unusual activity early and prevent attacks.