As cyber threats evolve beyond traditional IT boundaries, businesses face new challenges in protecting their digital assets and supply chains. Aravo’s Dean Alms explores how companies can adapt their cybersecurity strategies to address emerging risks and build resilience across their extended enterprise.
Mitigating cybersecurity risk isn’t just a pure IT management challenge anymore. Information security must now be a collective responsibility shared with other departments, including legal and compliance but also procurement and supply chain. That’s because the nature of cyber threats are evolving well beyond the cyber realm.
One study found that more than half (56%) of cybersecurity incidents are partially or entirely the result of supply chain attacks, which have surged in recent years, and are projected to cost the global economy almost $81 billion annually by 2026.
Digital attacks like AT&T’s third-party data breach may be top-of-mind when business leaders think of cyber threats right now. But physical supply chain attacks and geopolitical tensions are prompting state-backed hackers to target trade flows, putting shipowners, ports and other maritime…
