According to the latest research from leading cybersecurity company BlueVoyant, the cybersecurity breaches targeting supply chains within Australian organisations continue to intensify. In its milestone ‘State of Supply Chain Defence: Annual Global Insights Report’, released today, BlueVoyant revealed that the impact from supply chain cyber breaches surged by 17% this year. An average of 4.06 breaches were reported that negatively affected operations, marking an increase from the mean number of 3.48 breaches in 2022.
The study uncovers a mixed picture of Australia’s readiness against supply chain cyber threats compared to other parts of the world. Surveyed Australians in 2023 regard supply chain cyber risk as a higher priority than respondents globally, registering 42% versus 31% respectively. Yet, strikingly, less than half of Australian respondents are monitoring their third parties regularly for cyber risks, lagging behind global behaviour (44% vs 47%).
The research also paints a contrasting picture of management attitudes to cyber risk. In Australia, senior management is more likely to be briefed monthly or more on supply chain cyber risk (51% compared to 44%…
