The WannaCry ransomware that has affected more than 230,000 computers in 150 countries now has largely halted its crawl across the globe, but experts say the attack's real impact might be yet to come. The assault could herald a turning point in cyber intrusions and in the way institutions handle cybersecurity, says the Smith School's Martin Loeb, and co-author, with with Smith School colleague Lawrence A. Gordon, of the Gordon-Loeb Model for Cybersecurity Investments. The widespread attack is exposing "the underinvestment in cybersecurity by many organizations," Loeb says. And the change it sparks could be one of the lasting legacies of the WannaCry attack. Read more...
Globalization: It's a topic that increasingly dominates headlines and political discourse around the world, with Donald Trump in the White House, the United Kingdom leaving the European Union, and protectionist sentiment gaining political favor in other parts of the developed world.
President-elect Donald Trump’s tough talk on trade and outsourcing might never fully translate to policy, but it can help accelerate a shift that's already begun in global manufacturing, says Smith School professor Sandor Boyson. Already, he says, enterprise globalization is beginning to be redefined by localized, end-to-end production and distribution in a single region where a product is in high demand. The emerging trend is beginning to replace an era of ferrying goods around the world from a single far-flung place. Read more...
Research firm Gartner projects 25 billion sensor devices will be connected to the Internet of Things by 2020. This includes components in U.S. military supply chains, where counterfeiters can embed sensors to compromise national security and cause extensive economic damage. Smith School graduate Rich Fitzgerald recently wrote a guest column at Military Embedded Systems calling for the Department of Defense and its suppliers to brace for an Internet of Things revolution. Read more...
The Supply Chain Management Center at the University of Maryland’s Robert H. Smith School of Business will collaborate with the National Cybersecurity Center of Excellence (NCCoE), part of the National Institute of Standards and Technology (NIST), on a first of its kind risk assessment project.
A Cyber Risk Portal that engages organizations in anonymously measuring their cybersecurity capabilities against industry standards and their peers and competitors is a University of Maryland “Invention of the Year” finalist—an honor to be announced as part of a Celebration of Innovation and Partnerships event (invitation only) on May 9, 2016 at the University House.
Supply chain experts at the University of Maryland’s Robert H. Smith School of Business have spurred the implementation of a new system that will accelerate trade and save U.S. businesses money and time. Soon, the current paper-based system required by the U.S. government to import or export cargo will give way to the new “single window,” electronic data collection process, dubbed the International Trade Data System. It becomes mandatory in February 2016.
On April 10, 2015, the University of Maryland’s Robert H. Smith School of Business partnered with Disaster Recovery Institute (DRI) International to hold DRI’s first collegiate conference. More than 100 DRI-certified professionals, business continuity planning leaders and students were in attendance.
An inaugural supply chain industry awards event recognized the University of Maryland’s Robert H. Smith School of Business and one of its professors. Sandor Boyson, research professor and codirector of the Supply Chain Management Center, was named Resilient Supply Chain Educator of the Year by the Global Supply Chain Resiliency Council.
Sandor Boyson, PhD, research professor for the Robert H. Smith School of Business’ Department of Logistics, Business and Public Policy, is among 40 experts selected by the U.S. Department of Commerce to provide insight into supply chain strategy to spur U.S. exports and global competitiveness.