In a recent report, French reinsurance firm SCOR has addressed the potential challenges for the market amidst the growing concern of cyber-attacks on digital supply chains.
The related cyber exposure is increasing at both the individual company level and at the global level, suggests the report, adding that cross-dependencies and single points of failure should be analysed to monitor potential large-scale accumulation risks and cascading effects of supply chain attacks.
The report notes that while IT supply chain cyber-attacks have increased in recent years, the impacts remain limited, as performing the attacks requires a very high level of preparation time, alongside expertise and funding.
“As of now, most of the recent high-profile supply chain attacks have probably been performed for cyber espionage purposes and therefore have had limited economic impacts on victims.”
“However, it is probable that criminal hackers may eventually reuse cyber spy’s techniques to…
