As supply chains have become more digitized and interconnected, they have also become more vulnerable to a range of cyber threats. These threats not only pose risks to the direct operations of companies but also to the extensive network of suppliers, providers, vendors,[1] and customers that constitute the supply chain ecosystem.
The transition of supply chains into the digital realm has undoubtedly introduced remarkable efficiencies and innovations. Yet, this same transformation has laid bare the cyber vulnerabilities inherent in these complex networks which has made supply chains – and the organizations involved in them – highly susceptible to cyberattacks, such as phishing, ransomware, malware, and data breaches, which can result in compromised sensitive data, financial loss, disruptions in services or operations, reputational harm, regulatory non-compliance, the endangerment to human life and safety, among other harms.
Supply Chain Cyberattacks By the Numbers:
This trend is unlikely to slow down any time soon, as attackers are continuing to refine their techniques and exploit weaknesses in the interconnected ecosystem of third-party vendors and software….
