The proliferation of digital systems helps businesses increase productivity, boost communication and foster innovation. Companies are becoming more interconnected and reliant on interdependent technologies. However, as with any new technology, the associated digital supply chains come with their own set of risks and challenges, increasing the attack surface for cyber threats that malicious actors seek to exploit. In recent months and years, we’ve seen numerous examples and an increasing frequency of supply chain incidents.
Some recent European Marsh client scenarios
Third-party data breach
A company relied on a third-party provider for hosting B2C services, including the storage of personal customer data. A breach at the third-party software provider led to the exposure of customers’ personal data sets. The company had to comply with legal obligations, notify and communicate with affected customers, and work with the provider to contain the incident.
Ransomware attack on a cloud-service provider
Another company contracted with an external provider to host its critical enterprise resource planning (ERP) system. When the provider suffered a ransomware attack,…
